I solved part 1 on my own but cant figure out parts 2 and 3... if anyone can help out before it is due tonorrow that would be great. thank you!!!

Required information The following information apples to the questions displayed below) Iguana, Inc, manufactures bamboo picture frames that sell for $20 each. Each frame requires 4 linear feet of bamboo, which costs $1.50 per foot Each frame takes approximately 30 minutes to build and the labor rate averages $12 per hour Iguana has the following inventory policies Ending finished goods Inventory should be 40 percent of next month's sales Ending direct materials inventory should be 30 percent of next month's production Expected unit sales frames for the upcoming months follow. Mind May 380 420 472 520 54 995 Suly AUGUST Vortable manufacturing overhead is incurred at a rate of 50.20 per unit produced. Annual fixed manufacturing overhead is estimated to be 57.200 (5600 per month for expected production of 4000 units for the year. Selling and administrative expenses are estimated at $650 per month plus 50,50 perunt sold Iguana, Inc had $10.800 cash on hond on April 1 of its cales. Bo percentis in cash Of the credit sales. 50 percentis collected during the month of the sale and 50 percent collected during the month following the sale. Of orect materials purchases 80 percent is paid for during the month purchased and 20 percent is paid in the following month Direct material purchases for Morch totale $2400 All other operating costs are palo during the month incurred Mantly fixed manufactuding overhead includes $320 in opreciation. During April luona plans to pay $4,100 for place of equipment Required 1. Compute the budgeted cathtects for an Praid 330 Required: 1. Compute the budgeted cash receipts for Iguana. 2 Compute the budgeted cash payments for Iguana 3. Prepare the cash budget for Iguana. Assume the company can borrow in increments of $1,000 to maintain a $10,000 minimum cash balance Answer is not complete. Complete this question by entering your answers in the tabs below. Required: Required 2 Required 3 Compute the budgeted cash payments for Iguana. (Do not round your intermediate calculations. Round final answers to 2 decimal places 2nd Quarter April May June Total Budgeted Cash Payments 0.00 Required information The following information apples to the questions displayed below) Iguana, Inc, manufactures bamboo picture frames that sell for $20 each. Each frame requires 4 linear feet of bamboo, which costs $1.50 per foot Each frame takes approximately 30 minutes to build and the labor rate averages $12 per hour Iguana has the following inventory policies Ending finished goods Inventory should be 40 percent of next month's sales Ending direct materials inventory should be 30 percent of next month's production Expected unit sales frames for the upcoming months follow. Mind May 380 420 472 520 54 995 Suly AUGUST Vortable manufacturing overhead is incurred at a rate of 50.20 per unit produced. Annual fixed manufacturing overhead is estimated to be 57.200 (5600 per month for expected production of 4000 units for the year. Selling and administrative expenses are estimated at $650 per month plus 50,50 perunt sold Iguana, Inc had $10.800 cash on hond on April 1 of its cales. Bo percentis in cash Of the credit sales. 50 percentis collected during the month of the sale and 50 percent collected during the month following the sale. Of orect materials purchases 80 percent is paid for during the month purchased and 20 percent is paid in the following month Direct material purchases for Morch totale $2400 All other operating costs are palo during the month incurred Mantly fixed manufactuding overhead includes $320 in opreciation. During April luona plans to pay $4,100 for place of equipment Required 1. Compute the budgeted cathtects for an Praid 330 Required: 1. Compute the budgeted cash receipts for Iguana. 2 Compute the budgeted cash payments for Iguana 3. Prepare the cash budget for Iguana. Assume the company can borrow in increments of $1,000 to maintain a $10,000 minimum cash balance Answer is not complete. Complete this question by entering your answers in the tabs below. Required: Required 2 Required 3 Compute the budgeted cash payments for Iguana. (Do not round your intermediate calculations. Round final answers to 2 decimal places 2nd Quarter April May June Total Budgeted Cash Payments 0.00