iguana Incorporated manufacturer is bamboo picture frames that sell for $25 each. Each frame requires 4 linear feet of bamboo. Which cost $2 per foot. Each frame takes approximately 30 minutes to build and the labor rate averages $14 per hour. Iguana has the following inventory policies

Most Visitedmy.utrgv.edu ALGEBRA Login Time remaining: 0:58:32 Save & Exit Submit The following Information applies to the questions displayed below) Iguana, Inc., manufactures bamboo picture frames that sell for $25 each. Each frame requires 4 lnear feet of bamboo, which costs $2.00 per foot Each frame takes approximately 30 minutes to build, and the labor rate averages $14 per hour. Iguana has the following Inventory polilcies e Ending finished goods Inventory should be 40 percent of next month's sales. e Ending raw materials Inventory should be 30 percent of next month's production. Expected unlt sales (frames) for the upcoming months follow: 30 360 410 510 485 535 March April May August Varlable manufacturing overhead is Incurred at a rate of $0.40 per unit produced. Annual fixed manufacturing overhead is estimated to be $8400 ($700 per month) for expected production of 4.000 units for the year Seiling and administrative expenses are estimated at $750 per month plus