Iguana, Inc., manufactures bamboo picture frames that sell for $25 each. Each frame requires 5 linear feet of bamboo, which costs $1.80 per foot. Each frame takes approximately 36 minutes to build, and the labor rate averages $11.00 per hour. Iguana has the following inventory policies:

Iguana, Inc., manufactures bamboo picture frames that sell for $25 each. Each frame requires 5 linear feet of bamboo, which costs $1.80 per foot. Each frame takes approximately 36 minutes to build, and the labor rate averages $11.00 per hour. Iguana has the following inventory policies: Iguana, Inc., manufactures bamboo picture frames that sell for $25 each. Each frame requires 5 linear feet of bamboo, which costs $1.80 per foot. Each frame takes approximately 36 minutes to build, and the labor rate averages $11.00 per hour. Iguana has the following inventory policies