IGUANA, INC. 4 5 General informatio: Selling price of picture frames 7 Linear feet of bamboo required per frame 8 Cost of bamboo per foot 9 Hours required to build 10 Average hourly labor rate $25.00 4 $2.00 0.50 12.00 12 Additional information: 13 Ending finished goods inventory should be 40 percent of the next month's sales 14 Ending raw materials inventory should be 30 percent of the next month's production 15 16 Variable manufacturing overhead rate per unit produced 0.30 17 Estimated annual fixed manufacturing overhead 18 Expected units of production 19 Estimated monthly selling and administrative expenses: 20 Fixed 21 Per unit sold $ 7,200 4,000 650 $ 0.60 23 Expected number of frames sold in following months: 24 March 25 April 26 May 27 June 275 250 300 400 375 425 28 July 29 August