iguana Incorporated manufactures bamboo picture frames that sell for $30 each. E

Question

iguana Incorporated manufactures bamboo picture frames that sell for $30 each. Each frame requires 4 linear feet of bamboo, which cost $3 per foot. Each frame takes approximately 30 minutes to build, and the labor rate averages $11 per hour. Iguana has the following inventory policies

**** I know it's a little hard to read the screen. I'm very sorry. I dropped my laptop and now half the screen is broken.
**** I know it seems like many questions nut it is really one big problem... all the pics are one project. I cannot chunk it up and post it in many questions. I'm sorry. please help.

Home - my.utrgv.edu H XPRO (50 pts) ?Most Visited my.utrgv.edu ALGEBRA@Login duALGEBRA Login The following information applies to the questions displayed below] lguana, Inc, manufactures bamboo picture frames that sell for $30 each. Each frame requtres 4 linear feet of bamboo, which costs $3.00 per foot Each frame takes approximately 30 minutes to bulld, and the labor rate averages $11 per hour iguana has the folowing inventory polces Ending finlshed 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: March April May June July August 300 300 350 Varlable manufacturing overhead is incurred at a rate of $0.30 per unit produced. Annual fixed manufacturing overhead is estimated to be $9.600 ($800 per month) for expected production of 4,000 units for the year. Selling and administrative expenses are estimated at $850 per month plus $0.60 per unit sold Iguana, Inc. had $12.800 cash on hand on April 1 Of its sales 80 percent is in cash. Ofthe credit sales. 50 percent is

Explanation / Answer

1. Budgeted Cash Receipts:

2. Budgeted Cash Payments:

3. Cash Budget:

4.

Production Budget:

Raw Materials Purchases Budget:

Unit Product Cost :

Cost of Goods Sold for April = 300 x $ 20.20 = $ 6,060

April May June 2nd Quarter Total $ $ $ $ Budgeted Cash Receipts 9,000 10,350 13,200 32,550

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.