neral information: Selling price of picture frames 525.00 Linear feet of bamboo required per frame Cost of bamboo per foat Hours required to build Average hourly laber rate Additional information: 4 $2.00 0.5 $12.00 Ending finished goods inventory (percentage of the next month's sales) 40% Ending raw materials inventory (percentage of the next month's production) 309% Months/Year Variable manufacturing overhead rate per unit produced $0.30 12 Estimated annual fixed manufacturing overhead Expected units of production 57,200 4,000 Estimated monthly seling and aiministrative expenses: Fixed Per unit sold Expected number of frames sold in following months March April May June July August Information for Problem PAOB-03: Cash on hand at April 1 Percentage of sales in cash Percentage of credit sales collected during month of sale $650 $0.60 275 250 300 400 375 425 510,800 80% 5096 Percentage of credit sales collected in month following sale 50% Percentage of drect material purchases paid in month purchased B0% Percentage of drect material purchases paid in following month March 1 raw msterials purchases 20% $2,000 5150 Depreciation included in monthly fixed manufacturing overhead Amcunt expected to he paid for a piece of equipment (purchased in April) Minimurm cash balance required Borrewing increments $3,000 $10,000 1,000