The following information applies to the questions displayed below guana, Inc, manufactures bamboo picture frames that sell for $30 eech Each frame requires 4 linear feet of bamboo the labor rate averages $15 per hour. Iguana has the following inventory policies which costs $3.00 per foot Each frame takes approximately 30 minutes to build, and Ending finished goods inventory should be 40 percent of next month's sales -Ending raw materials inventory should be 30 percent of next month's production Expected unit sales (frames) for the upcoming months follow. March Apri 355 410 460 560 535 585 June July August Variable manufacturing overhead is incurred at a rate of $D 50 per unit produced. Annual fixed manufacturing overhead is estimated to be $6,000 ($500 per monthj for expected production of 3,000 unts for the year Selling and administrative expenses are estimated at $550 per month plus $0.50 per unit sold lguana, Inc., had $16,500 cash on hand on Aprit 1. Of its sales, 80 percent is in cash. Of the credt sales, 50 percent is collected during the month of the sale, and 50 percent is collected during the morth following the sale Of raw materials purchases, 80 percent is paid for during the month purchased and 20 percent is paid in the following month. Row materia's purchases for March T totaled $5.000 Al other operng costs are paid during the month incurred Monthly fixed manufacturing overheed includes $310 in depreciation Duning Aprl, lguana plans to pay 34,500 for a piece of equipme 13 33 points O Type here to search