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IGUANA, INC. 4 5 General information: 6 Selling price of picture frames 7 Linear feet...

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Accounting

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IGUANA, INC. 4 5 General information: 6 Selling price of picture frames 7 Linear feet of bamboo required per frame 8 Cost of bamboo per foot 9 Hours required to build 10 Average hourly labor rate $ 25.00 4 $2.00 0.50 $12.00 12 Additional information: 13 Ending finished goods inventory should be 40 percent of the next month's sales 14 Ending raw materials inventory should be 30 percent of the next month's production 15 16 Variable manufacturing overhead rate per unit produced 17 Estimated annual fixed manufacturing overhead 18 Expected units of production 19 Estimated monthly selling and administrative expenses: 20 Fixed 0.30 $ 7,200 4,000 S 650 $ 0.60 21 Per unit sold 23 24 March 25 April 26 May 27 June 28 July 29 August Expected number of frames sold in following months: 275 250 300 400 375 425

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