how to find budgeted cost of goods sold

Variable manufacturing overhead is incurred at a rate of $0.20 per unit produced. Annual fixed manufacturing overhead estimated to be $9,000 ($750 per month) for expected production of 5,000 units for the year. Selling and administrative expenses are estimated at $800 per month plus $0.50 per unit sold. Iguana, Inc., had $11,800 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 direct materials purchases, 80 percent is paid for during the month purchased and 20 percent is paid in the following month. Direct materials purchases for March 1 totaled $2,600. All other operating costs are paid during the month incurred. Monthly fixed manufacturing overhead includes $190 in depreciation. During April, Iguana plans to pay $3,400 for a piece of equipment. Required: Compute the following for Iguana, Inc., for the second quarter (April, May, and June). April May June 1. $ 2. 1,120 3. Budgeted Sales Revenue Budgeted Production in Units Budgeted Cost of Direct Material Purchases Budgeted Direct Labor Cost Budgeted Manufacturing Overhead Budgeted Cost of Goods Sold Total Budgeted Selling and Administrative Expenses $ $ 8,700 $ 310 3,310 $ 2,170 $ 812 $ 10,200 $ 380 3,950 $ 2,660 $ 826 $ 2nd Quarter Total 13,200 $ 32,100 430 4,315 $ 11,575 3,010 $ 7,840 836 $ 2,474 $ 0 1.020 $ 2,935.00 4. 5. $ 6. 7. $ 945 $ 970 $