Iguana, Inc., manufactures bamboo picture frames that sell for $25 each. requires linear feet of bamboo, which costs $2.00 per foot. Each frame takes approximately 30 minutes to build, and the labor rate averages $12.00 per hour. Iguana has the following inventory policies: Each frame 4 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 April May June 275 250 300 400 375 425 August Variable manufacturing overhead is incurred at a rate of $0.30 per unit produced. Annual fixed manufacturing overhead is estimated to be $7,200 (S600 per month) for expected production of 4,000 units for the year. Selling and administrative expenses are estimated at $650 per month plus S0.60 per unit sold. Manufacturing overhead cost budget April May June 2nd quarter Budgeted production Variable mfg. overhead rate Budgeted variable mfg Fixed mfg. overhead Budgeted mfg. overhead Budgeted mfg. costs Direct materials Direct labor Variable mfg. overhead Fixed mfg. overhead Budgeted mfg. cost per unit Per unit April May June 2nd quarter Budgeted sales (units) Budgeted mfg. cost per unit Budgeted cost of goods sold Selling & admin. expense budget April May June 2nd quarter Budgeted sales (units) Variable sell &admin. rate Budgeted variable selling & admin. expenses Budgeted fixed selling & admin. expenses Total budgeted sell & admin. expenses