The wing s to the one w manes bamboepas that o th Each onesnar feet Which cout $3.50 per for Each framewhes approximately 30 minutes to build and vages peruana has the w aypocs Enged goods were should be ponto s ding dec o r should be recent of pro Expresamente headincurredo 5720000 pe produc production of 4500 1040 per i for the ng Seng r wees w i e wa had centi .00 cash on hands > g Wanac overheat a n d and vediemed to be 1 200 000 per motor producono 4,500 and expense 650 th plus 50 punto naine had 3.800 cash on and on Art of penis in care creates 50 percen collected during the month of these and 50 percent is colected during remorfolowing the 0 g m ased and 20 t h og rect a s Merched cotado month incurred Morted manufacturing overhead includes $210 depreciation. During pregn ant pay $3.000 for a piece of euren Como ganas budged income statement for Quarter 2. Round cost per unit in intermediate calculations and Bugeted States Check Required information The following information applies to the questions displayed below.) Iguana, Inc., manufactures bamboo picture frames that sell for $30 each. Each frame requires 4 linear feet of bamboo, which costs $3.50 per foot. Each frame takes approximately 30 minutes to build, and the labor rate averages $12 per hour. Iguana has the following inventory policies: Ending finished goods inventory should be 40 percent of next month's sales Ending direct materials inventory should be 30 percent of next month's production Expected unit sales (frames) for the upcoming months follow: 3es March April 310 May 360 460 June July August 435 485 Variable manufacturing overhead is incurred at a rate of $0.40 per unit produced. Annual fixed manufacturing overhead is estimated to be $7,200 ($600 per month) for expected production of 4,500 units for the year Selling and administrative expenses are estimated at $650 per month plus $0.50 per unit sold 1 2 3 of 3 !!! Next > Iguana, Inc., had $13,600 cash on hand on April 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 percent is collected during the month following the sale. Of direct materials purchases, 80 percent is paid for during the month purchased and 20 percent is paid in the following month Direct materials purchases for March 1 totaled $3,600. All other operating costs are paid during the month incurred. Monthly fixed manufacturing overhead includes $210 in depreciation. During April, Iguana plans to pay $3,600 for a piece of equipment. Required: Compute the following for Iguana, Inc., for the SI 2nd Quarter June Total / / / / / 1. Budgeted Sales Revenue 2. Budgeted Production in Units 3. Budgeted Cost of Direct Material Purchases 4. Budgeted Direct Labor Cost 5. Budgeted Manufacturing Overhead 6. Budgeted Cost of Goods Sold 7. Total Budgeted Selling and Administrative Expenses / / / / / / / / 0.00 / 1