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Home | myWester | Western Wa x | ; Mail - Richard Braunbeck - Outlo Zoom Meeting Information: SU2 x W Inbox M McGraw Hill - Login Homework 8 - Chapter 8 + C D ezto.mheducation.com/hm.tpx?_=0.02384020195215053_1627355904263 Homework 8 - Chapter 8 1+ ili Apps Bookmarks New Tab @ Google YouTube ! Yahoo myWestern: Home Home | Western Wa. The Disability Acces.. Dictionary.com | Fin. ud Urban Dictionary ( YouTube to mp3 or. . Online Video Cutter. W map_07.jpg (794 x6. Reading list C D ezto.mheducation.com/hm.tpx?_=0.9593469913610767_1627355948769 Ill Apps Bookmarks New Tab @ Google YouTube y Yahoo myWestern: Home Home | Western Wa. The Disability Acces. Dictionary.com | Fin. "> | Reading list [The following information applies to the questi s displayed below.] eBook: Prepare the following components of the operating budget: Raw materials purchases budget. guana, Inc., manufactures bamboo picture frames that sell for $25 each. Each frame requires 4 linear feet of bambo hour. Iguana has the following inventory policies: eBook: Prepare the following components of the operating budget: Sales budget. eBook: Prepare the following co operating budget: Selling and administrative expense budget. Ending finished goods inventory should be 40 percent of next month's sales. Ending raw materials inventory should be 30 percent of next month's production. Expected unit sales (frames) for the upcoming months follow: March 320 5. value : 8.50 points Required information April 340 465 August Required: Complete Iguana's budgeted income statement for quarter 2. (Round cost per unit in intermediate calculations and final answers to 2 decimal places.) Variable manufacturing overhead is incurred at a rate of $0.20 per unit produced. Annual fixed manufacturing overhead is estimated to be $7,200 ($600 per month) for expected production of 4,000 units for the year. Selling and administrative expenses are estimated at $650 per month plus $0.50 per unit sold. IGUANA, INC. Iguana, Inc., had $10,500 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. Budgeted Income Statement 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 fixed manufacturing overhead includes For the Quarter Ending June $240 in depreciation. During April, Iguana plans to pay $2,000 for a piece of equipment. April May June 2nd Quarter Total 4. 8.50 points Required information Budgeted Gross Margin 0.00 $ 0.00 0.00 Required: Compute the following for Iguana, Inc., for the second quarter (April, May, and June). 0.00 $ 0.00 April May June 2nd Quarter Budgeted Net Operating Income 0.00 0.00 $ Total 1. Budgeted Sales Revenue S 8,500 $ 9,750 $ 12,250 $ 30,500 2. Budgeted Production in Units 360 430 480 1,270 3. Budgeted Cost of Raw Material Purchases 0 4. Budgeted Direct Labor Cost O 5. Budgeted Manufacturing Overhead eBook & Resources 6 . Budgeted Cost of Goods Sold. 7. Total Budgeted Selling and Adm. Expenses 0.00 eBook: Prepare the following components of the operating budget: Budgeted income statement. 1 690F ~ 9 (4 4x 7/26/2021 9 x PW