$[$The following informetion applics to the questions displayed below$]$

Igune, he$,$ manufactures bamboo picture frames that sell for $$25$ each. Each frame requires $4$ linear feet of bamboo, which costs $$2\mathrm{.}50$ per foot. Each frame takes approulmately $30$ minutes to buld, and the labor rate averoges $$14$ per hour loutra has the following inventory policies:

Ending finished goods inventory should be $40$ percent of next montr's sales.

Ending direct materials invertory should be $30$ percent of next month's production.

Expocted unit sales $($frames$)$ for the upcoming months follow:

$\backslash$table$[[$March$,315],[$April$,338],[$Hoy$,388],[$June$,490],[$July$,455],[$Aupust$,595]]$

Varieble menufacturing overhead is incurred at a rate of $$060$ per unit produced, Amual fixed manufacturing overhesd is estimated to be $$7,200($ $$600$ per month$)$ for expected production of $3,000$ units for the ycar. Selling and administrative expenses are estimated at $$650$ per month plus $$0\mathrm{.}50$ per unit sold.

Iguana, Inc., had $$11,000$ cash on hand on Apri $1$ Of its sales, $80$ percent is in cash. Of the credit sales, $50$ percent is collected during the month of the sale, and $50$ percert is collected during the month following the sale.

Of drect meterisis purcheses, $80$ percent is paild for during the month purchased and $20$ percent is paid th the following month. Direct materibls purchases for Merch $1$ totaled $$3,000.$ All other operating costs ore paid during the month incurred. Monthly foxed manufacturing overhead includes $$230$ in depreciation. Ouring April, Iguana plans to pay $$2,000$ for o piece of equipment.

Required:

Compute the budgeted cosh receipts for iguane.

Compute the budoeled cash peyments for lavana

Prepare the cash budgel for lguans. Assumie the corpoing can boenow in increments of $$1,000$ to maintain a $$10,000$ minimum belance.

Complete this question by entering your anawers in the tabs below.

mequared $1$ Requires $3$

Compute the buogeted Cash recepts for Iguana. IDo not round your intermediate calculations. Round final answers to $2$ decimal places.$)$

$\backslash$table$[[$April$,$Nay,Jun,$2$nd Cuarter Total$],[$Dudgeled Cash Receipls,,$4,12,000\mathrm{.}00$