Iguana, Incorporated, manufactures bamboo plcture frames that sell for $$25$ each. Each frame requires $4$ linear feet of bamboo, which costs $$2\mathrm{.}50$ per foot. Each frame takes approximately $30$ minutes to bulld, and the labor rate averages $$14$ per hour. Iguana has the following inventory policles:

Ending finished goods inventory should be $40$ percent of thext month's sales.

Ending direct materlals Inventory should be $30$ percent of next month's production.

Expected unit sales $($frames$)$ for the upcoming months follow:

$\backslash$table$[[$March$,315],[$April$,330],[$May$,380],[$June$,480],[$July$,455],[$August$,505]]$

Varlable manufacturing overhead is Incurred at a rate of $$0\mathrm{.}60$ per unit produced. Annual fixed manufacturing overhead is estimated to be $$7,200($ $$600$ per month$)$ for expected production of $3,000$ units for the year. Selling and administrative expenses are estimated at $$650$ per month plus $$0\mathrm{.}50$ per unit sold.

Iguana, Incorporated, had $$11,000$ cash on hand on Aprily. Of Its sales, $80$ percent is in cash. Of the credit sales, $50$ percent is collected during the month of the sale, and $50$ percent is collected during the month foilowing the sale.

Of direct materials purchases, $80$ percentis pald for during the month purchased and $20$ percent is pald in the following month. Direct materlals purchases for March $1$ totaled $$3,000.$ All other operating costs are pald during the month Incurred. Monthly fixed manufacturing overhead includes $$230$ in depreclation. During April, Iguana plans to pay $$2,000$ for a plece of equlpment.

Required:

Compute the following for lguana, Incorporated, for the secono quarter $($Aprl$,$ May, and June$)$:

$\backslash$table$[[,$Apri:,May,June,$\backslash$table$[[2$nd Quarter$],[$Teta$!]]],[1.$ Budgeted Sales Revenue,,,,s$,0],[2.$ Budgeted Production in Units,,,,,$0],[3.$ Budgeted Cost of Direct Material Purchases,,,,$3,0],[4.$ Budgeted Direct Labor Cost,,,,s$,0],[5.$ Budgeted Maryfasturing Overhesd,,,,s$,9],[6.$ Sudgeted Cest of Goods Sold,,,,$5,0],[7.$ Toral Budgeted Salling and Administrative Expense,,,,$5,0]]$