The following information applies to the questions displayed below] guana, Inc. manufactures bamboo picture frames that sell for $30 each Each frame requires 4 linear feet of bamboo, which costs $3.00 per foot Each frame takes to build, and the labor rate averages $13 per hour iguana hes the following inventory policies Ending finished goods inventory should be 40 percent of next month's seles Ending raw materials inventory should be 30 percent of next month's production 270 420 445 June overhead is incurred at a rate of $0.50 per unit produced. Annual fixed manufacturing od is estimated to be $8,400 ($700 per monthi for expected production of 4.200 units for the year Selling and administrative expenses are estimated at $750 per month plus 50 50 per unit sold guana Inc. hed $11,000 cesh on hand on April 1 Of its sales, 80 percent is in cash Of the credit sales. 50 percent is collected Of raw materials purchases, 80 percent is paid for duning the month purchased and 20 percent is paid in the during the month following the sale operating costs are paid during the month incurred. Monthly f ed men facturing overhead includes S170 n depreciation During April, Iguana plans to per s3.200 for