value: 5.00 polnts 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 approximately 30 minutes to build, and the labor rate averages $10.00 per hour. Iguana has the following inventory policies: 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 415 390 440 540 490 565 2 March April May June July August Variable manufacturing overhead is incurred at a rate of $0 20 per unit produced. Annual fixed manufacturing overhead is estimated to be $10.200 ($850 per morth) for expected production of 6,000 units for the year. Selling and administrative expenses are estimated at $790 per month plus $0 50 per unit sold