Iguana, Incorporated, manufactures bamboo picture frames that sell for

$$25$ each. Each frame requires $4$ linear feet of bamboo, which costs

$$3\mathrm{.}00$ 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:

Variable manufacturing overhead is incurred at a rate of $$0\mathrm{.}20$ per unit

produced. Annual fixed manufacturing overhead is estimated to be

$$7,200($ $$600$ per month$)$ for expected production of $4,000$ units for the

year. Selling and administrative expenses are estimated at $$650$ per

month plus $$0\mathrm{.}50$ per unit sold.

Required:

Compute the following for Iguana, Incorporated, for the second quarter $($April$,$ May, and June$).$

Answer is complete but not entirely correct.