lquera Inarctures and fansat e for $25 each bach trane request toet of bamboo, which cours $2.50 per foot och trone takes a 30 minutes to to, and the two wetges per hour in the foreignentory policies Ending the good intory should be 40 percent of next month's sales .Ending water to should be so percent of next one's production Expected to the coming months hon mo 400 450 500 135 57 Vertematecturing ved since we of 50:40 per produced. And muturing overhead is site to be $10.000 (900 per month for expected production of 4.000 units for the year Send te wettimet 90 per months 50:60 per united had 000 cash on and on Art Ofis 80 percentis cash or 50 percent is collected during the month of the ind 50 percentis coded during the fofowing the otrowme php pad for during the month purchased and 20 percent in the following month water purchases for Macht SL.000. Alle oping costs are paid during the month curea My dancing overhead includes $300 in depreciation During April plans to pay $2.000 for a piece of equipment Required: Compute the following for Iguana, Inc., for the second quarter (April, May, and June). April May 1. 10,000 $ 11,250 $ June 2nd Quarter Total 13,750 $ 35,000 550 $ 0 2. 3. 4. Budgeted Sales Revenue Budgeted Production in Units Budgeted Cost of Raw Material Purchases Budgeted Direct Labor Cost Budgeted Manufacturing Overhead Budgeted Cost of Goods Sold. Total Budgeted Selling and Adm. Expenses $ 0 5. s 0 6. $ 0 7. $ 0.00 Complete Iguana's budgeted income statement for quarter 2. (Round cost per unit in intermediate calculations and final answers to 2 decimal places.) IGUANA, INC Budgeted Income Statement For the Quarter Ending June April May 2nd Quarter Total Budgeted Gross Margin $ 0.00 $ 0.00 $ 0.00 $ 0.00 Budgeted Net Operating income $ 0.00 $ 0.00 $ 0.005 0.00 Budgeted Cash Receipts 2nd Quarter Total $ 0.00 2. Compute the budgeted cash payment for iguana. (Do not round your intermediate cuteulutton. Round final answers to 2 decimal places.) MRY June Budgeted Cash Payments 2nd Quarter Total $ 0.00 3. Prepare the cash budget for iguana Assume the company can borrow in increments of $1,000 to maintain a $11,000 minimum cash balance. (Leave no collblank enter" wherever requires answers to 2 decimal places) And Quarter Total 0.00 0.00 Beginning Cash Balance Plus Budgeted Cash Recept Les Budgeted Cash Payments Preliminary Cash Balance Cash Borrowed /Repaid Ending Cash Balance