Pillows Ltd. makes decorative throw pillows for home use. The company sells the pillows to home dcor retailers for $12 per pillow. Each pillow requires 1.10 m of fabric, which the company obtains at a cost of $8 per metre. The company would like to maintain an ending stock of fabric equal to 20% of the next month's production requirements. The company would also like to maintain an ending stock of finished pillows equal to 25% of the next month's sales. Sales (in units) are projected to be as follows for the first three months of the year: (Click the icon to view the projected sales (in units) for the first three months of the year.) Requirements Units to be produced Multiply by: Quantity of direct materials needed per unit Quantity needed for production Plus: Desired ending inventory of direct materials Total quantity needed Less: Beginning inventory of direct materials Quantity to purchase Multiply by: Cost per metre Total cost of direct material purchases January February March 1st Quarter Pillows Ltd. makes decorative throw pillows for home use. The company sells the pillows to home dcor retailers for $12 per pillow. Each pillow require of fabric, which the company obtains at a cost of $8 per metre. The company would like to maintain an ending stock of fabric equal to 20% of the next r production requirements. The company would also like to maintain an ending stock of finished pillows equal to 25% of the next month's sales. Sales (inm projected to be as follows for the first three months of the year: (Click the icon to view the projected sales (in units) for the first three months of the year.) Requirements Requirement 3. Prepare the direct materials purchases budget. Assume the company needs 240,000 m of fabric for production in April. Start by preparing the direct materials budget through the total quantity needed, and then complete the budget. (Round your answers to the nearest whole number.) Pillows Ltd. Direct Materials Budget For the Quarter Ended March 31 to be as follows for the first three months of the year Projected Sales January.. February... March. Print Done 150,000 - 200,000 R 215,000 ar