SB Problem PAS-1 to PA8-3 The following information applies to the questions displayed below! Iguana, Inc., manufactures bamboo picture frames that sell for $25 each Each frame requires averages $12 per hour. Iguana has the following inventory policies near feet of bamboo, which costs $300 per foot Echame 30 minutes to build and the brate Ending finished goods inventory should be 40 percent of next month's sales Ending raw materials inventory should be 30 percent of next mone's production Expected unit sales frames for the upcoming months follow Apr Variable manufacturing overhead is incurred at a rate of $0.20 per un produced Annual feed manufacturing overhead is estimated to be 37.200 Selling and administrative expenses are estimated at $650 per month plus $0.50 per unit sold. 000 per mon for expected production of 4.000 units for the year Iguana, Inc., had $10.500 cash on hand on Art Of 30 percentis in cash or the credits so percentis collected during the month of these and so percentis collected during the month following the of raw material purchases, 0 percent is paid for during the more purchased and 20 percent is paid in the following more w ater purchases for Merch e d $2.000 Al other testing costs are paid during the month incurred. M y da u g overhead indudes $240 in depreciation. During Ariana plans to pay $2.000 for a pece of met Required: 1. Compute the budgeted cash receipts for Iguana. (Do not round your intermediate calculations. Round final answers to 2 decima April May June 2nd Quarter Total Budgeted Cash Receipts 000 2. Compute the budgeted cash payments for Iguana. (Do not round your intermediate calculations. Round fin April May June 2nd Quarter Total Budgeted Cash Payments 3. Prepare the cash budget for Iguana Assume the company can borrow in increments of $1,000 to maintain a $10,000 minimum cash balance. Leave no cell blank enter" wherever required. Round your answers to 2 decimal places.) April May June 2nd Quarter Total Beginning Cash Balance Plus Budgeted Cash Receipts Less: Budgeted Cash Payments Preliminary Cash Balance Cash flowedRead Ending Cash Balance