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< Pillow Corp. makes decorative throw pillows for home use. The company sells the pillows to home dcor retailers for $14 per pillow. Each
< Pillow Corp. makes decorative throw pillows for home use. The company sells the pillows to home dcor retailers for $14 per pillow. Each pillow requires 1.20 yards of fabric, which the company obtains at a cost of $6 per yard. The company would like to maintain an ending stock of fabric equal to 10% 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.) Read the requirements. Requirement 1. Prepare the sales budget, including a separate section that details the type of sales made. For this section, assume that 10% of the company's pillows are cash sales, and the remaining 90% are sold on credit terms. (Round your answers to the nearest whole number.) Pillow Corp. Sales Budget For the Quarter Ended March 31 Unit sales Unit selling price Total sales revenue Cash sales Credit sales Total sales More info January February March January February Print Done March 1st Quarter 140,000 170,000 180,000
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