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My required One is Correct IDK about My Required 2 though My Required 3 needs some work as well but the cash borrowed and repaid
My required One is Correct
IDK about My Required 2 though
My Required 3 needs some work as well but the "cash borrowed and repaid" row is correct
required information [The following information applies to the questions displayed below Iguana, Inc., manufactures bamboo picture frames that sell for $20 each. Each frame requires 4 linear feet of bamboo which costs $2.00 per foot. Each frame takes approximately 30 minutes to build and the labor rate averages $13 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 March April MOS 50 July Variable manufacturing overhead is incurred at ate of 50 30 per un produced And manufacturing overhead is estimated to be 4.800 (5-000 per month for expected production of 4000 units for the year Seng and administrative expenses are estimated at $450 per month plus $0.50 per unit od Iguana, Inc., had $1000 cash on hand on April 1. Or its a 80 percent in cash or the credit ses percent collected during the month of the sale, and to percent is collected during the month following the sale of direct materials purchases, percent is paid for during the month purchased and 20 percent is paid the follow month Direct material purchases for March totaled $3.400 Alther operating care paid on the month incurred. Morthyfoedacturing overhead includes $300 depreciation on plans to pay $2.000 for a piece of equipment 10 of 10 ch O 8 P 2. V B N . incurrea. Monthy Txea manutacturing overnead inciuces >330 in depreciation. During Apr, iguana pians to for a plece of equipment Required: 1. Compute the budgeted cash receipts for Iguana. 2. Compute the budgeted cash payments for Iguana. 3. Prepare the cash budget for Iguana. Assume the company can borrow in increments of $1,000 to maintain a $10,00 balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the budgeted cash receipts for Iguana (Do not round your intermediate calculations, Round final answers to 2 decimal places.) April May June 2nd Quarter Total Budgeted Cash Receipts 8.47000 $ 9,500.00 $11.400.00 $ 29, 370 00 Required 2 >Step by Step Solution
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