(Answered) : Homework 8 – Chapter 8 instructions I help o Questions 4-6 (of 7) Save & Exit Submit [The following information applies to the que

Homework 8 – Chapter 8 instructions I help o Questions 4-6 (of 7) Save & Exit Submit [The following information applies to the questions displayed below. Iguana, Inc., manufactures bamboo picture frames that sell for $20 each. Each frame requires 4 linear feet of bamboo, whiclh costs $2.00 per foot. Each frame takes approximately 30 minutes to build, and the labor rate averages $13 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)