Required information [The following information applies to the questions displayed below Iguana, Inc., manufactures bamboo picture frames that sell for $25 each Esch frame res near feet of bamboo which costs $3.00 petfoot. Each frame takes approximately 30 minutes to build and the laborate werages 50 per hour Iguana has the following inventory policies Ending finished goods inventory should be 40 percent of next month's sites Ending direct inaterials inventory should be 30 percent of next month's production . Expected unit sales (frames) for the upcoming months follow 720 10 March April May June July At 515 Variable manufacturing overhead is incurred at a rate of $0.20 per unit produced. And estimated to be $2,200 (5600 per month) for expected production of 4000 units for the year expenses are estimated at $650 per month plus $0.50 per un sold Iguana, Inc., had $10.500 cash on hand on April Ofis sales. 80 percent is inch Orthods