Iguana, Inc., manufactures bamboo picture frames that sell for $35 each. Each frame requires 5 linear feet of bamboo, which costs $3.00 per foot. Each frame takes approximately 30 minutes to build, and the labor rate averages $18.00 per hour. Iguana has the following inventory policies: Solution 1) 2) Working .

1. Iguana, Inc., manufactures bamboo picture frames that sell for $35 each. Each frame requires 5
linear feet of bamboo, which costs $3.00 per foot. Each frame takes approximately 30 minutes to
build, and the labor rate averages $18.00 per hour. Iguana has the following inventory policies:
Iguana, Inc., manufactures bamboo picture frames that sell for $35 each. Each frame requires 5
linear feet of bamboo, which costs $3.00 per foot. Each frame takes approximately 30 minutes to
build, and the labor rate averages $18.00 per hour. Iguana has the following inventory policies:
Solution
1)
2)
Working
April May June
Quarter -
Total
Budgeted Cash Receipts 11,987.50 13,475.00 16,800.00 42,262.50