Can you complete 5 - 7

The following formation copies to the questions clieplayed below guena. Ine, menufactures bamboo picture frames that sell for $25 each. Each frame requires 4 linear feet of bamboo, which costs $2.00 per foot. Eech frame takes approximately 30 minutes to build and the labor rate averages $12.00 per hour Iguane has the following invertory poicies: Ending finished goods inventory should be 40 percent of next month's sales, Ending raw materials inventary should be 30 percent of next month's graduction Expected unit sules (fremnes) for the upcoming months follow Manch April May Jure July August 275 250 30D 400 375 425 Variable manufacturing overhead is incurred at a rate of $0.30 per unit produced Annual fixed manufacturing overhead is estimated to be 57,200 ($600 per month for expected production of 4.000 unts for the year. Selling and administrative expenses are estimated at $650 per month plus $0.60 per unit sold. quana, Inc, had $10,900 cash on hand on April 1. Of its sales, 80 percent is in cash. Of the credit sales, 50 percent is collected during the month of the sale, and 50 percent is collected during the month following the sale. of raw materials purchases, 80 percent is paid for during the month purchased and 20 percent is paid in the following month. Raw materials purchases for March 1 totaled $2,000. All other operating costs are paid during the month incurred. Monthly feed manufacturing overhead includes $150 in depreciation. During April, Iguana plans to pay $3,000 for a piece of equipment 1. Required information Required: Compute the following for Iguana, Inc., for the second quarter (Anrl, May and Juna). (Do not round your Intermediate calculations. $ 2nd April May June Quarter Total 1. Budgeted Sales Revenue $ 6,313 S 7,375 $ 9.750 $ 23,439 2. Budgeted Production in Units 270 340 390 1,000 3. Budgeted Cost of Raw Materials 2.328 2.840$ 3,132 $ 8,300 Purchases 4. Budgeted Direct Labor Cost $ 1,820 S 2,040 $2,240 $ 6,000 5. Budgeted Manufacturing Overhead $ 6. Budgeted Cost of Goods Sold $ 0 7. Tatal Budgated Selling and 7 $ 0 Adm. Expenses References Bank R Ronk & ResuCAR