Question: Please answer this problem showing all the steps. Sleepy Co. produces a variety of pillows for catalog sales. Two popular types are the standard pillow
Sleepy Co. produces a variety of pillows for catalog sales. Two popular types are the standard pillow and the neck roll. The standard pillow sells for exist9, and the neck roll sells for exist6. Projected sales of the two types of pillows for the coming quarters are as follows: In the factory, the production supervisor has received the projected sales figures and gathered information needed to compile production budgets. He found that 300 standard pillows and 170 neck rolls were in inventory on January 1 (at the beginning of the first quarter). Company policy dictates that ending inventory should equal 20 percent of the next quarter's sales for standard pillows and 10 percent for neck rolls. a. What is the sales budget for standard pillows and neck rolls for the first quarter? b. What is the production budget for the standard pillows and neck rolls for the first quarter
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