what is budgeted COGS

350 400 450 550 525 575 March April May une July August Annual fixed manu for the year. Selling and administrative expenses are estimated at $950 per month plus $0.60 per uni Iguana, Inc, had $11,900 cash on hand on Apri 1 of its sales, 80 percent is in cash. Of the credit se per unit produced Variable manufacturing overhead is incurred at a rate of following the sale. 20 percent is p are paid during the month incurred. Monthly fixed manufacturing overhead includes $300 in depreciat Of raw materials purchases, 80 percent is paid for during the month purchased and value 10.00 points Required: Compute the following for Iguana, Inc., for the second quarter (April, May, and June). May 2nd Quart Total April June 1. Budgeted Sales Revenue 2. Budgeted Production in Units S 10.000S 11,250S13,750S 35,00 1.45 420 490 540 3. Budgeted Cost of Raw Material Purchases4410 S555.415 S14,87 s 2.9401 s 3.4301 s 3.780|$ 10.150 1,116 S 3.280 4. Budgeted Direct Labor Cost .068 S 1096 s 5. Budgeted Manufacturing Overhead 6. Budgeted Cost of Goods Sold. 7. Total Budgeted Selling and Adm Expenses 19o S220S1.280 S 369000 350 400 450 550 525 575 March April May une July August Annual fixed manu for the year. Selling and administrative expenses are estimated at $950 per month plus $0.60 per uni Iguana, Inc, had $11,900 cash on hand on Apri 1 of its sales, 80 percent is in cash. Of the credit se per unit produced Variable manufacturing overhead is incurred at a rate of following the sale. 20 percent is p are paid during the month incurred. Monthly fixed manufacturing overhead includes $300 in depreciat Of raw materials purchases, 80 percent is paid for during the month purchased and value 10.00 points Required: Compute the following for Iguana, Inc., for the second quarter (April, May, and June). May 2nd Quart Total April June 1. Budgeted Sales Revenue 2. Budgeted Production in Units S 10.000S 11,250S13,750S 35,00 1.45 420 490 540 3. Budgeted Cost of Raw Material Purchases4410 S555.415 S14,87 s 2.9401 s 3.4301 s 3.780|$ 10.150 1,116 S 3.280 4. Budgeted Direct Labor Cost .068 S 1096 s 5. Budgeted Manufacturing Overhead 6. Budgeted Cost of Goods Sold. 7. Total Budgeted Selling and Adm Expenses 19o S220S1.280 S 369000