I am having slight trouble with this exercise. If every box can be answered correctly with an explanation (If possible) on how to calculate this to help me better understand the concept, I would appreciate it.

[The follom'ng Information applies to the questions displayed belowJ Iguana. Inc.r manufactures bamboo picture frames that sell for $20 each. Each frame requires 4 linear feet of bamboo, which costs $1.50 per foot. Each frame takes approximately 30 minutes to build, and the labor rale averages $12 per hour. Iguana has the followmg invenlory policies: - Ending nished goods inventory should be 40 percent ofnext month's sales. - Ending raw materials inventory should be 30 percent olnext month's production Expected unit sales (frames) for the upcoming months follow: March 360 Apill 420 May 470 June 570 July 545 August 595 Variable manufacturing overhead is incurred at a rate of $0.20 per unit produced. Annual lixed manufacturing overhead is eslimaled to be $7,200 [$600 per month] for expected production of 4,000 units for the year. Selling and administrative expenses are estimated at $650 per month plus $0.50 per unit sold. Iguana, Inc., had 510.800 cash on hand on April 1. Of its sales. 80 percent is in cash. Of the credit sales, 50 percent is collected during the month ofthe sale, and 50 percent is collected during the month following the sale Of raw materials purchases, 80 percent is paid for during the month purchased and 20 percent is paid in the following month Raw materials purchases for March 1 totaled $2,400. All other operating costs are paid during the month incurred Monthly xed manufacturing overhead includes $320 in depreciation. During April, Iguana plans to pay $4,'l00 for a piece of equipment Required: Compute me followmg for Iguana. Inc., for the second quaner (April, May. and June). 440- 500 - - 1. Budgeled Sales Revenue Budgeled Production in Units Budgeled Cost of Raw Material Purchases Budgeled Dired Labor Cost Budgeled Manuiaduring Overhead Budgeled Cost of Gnuds Sold, Total Budgeted Selling and Adm, Expenses FPS-"PP.\" 5 29,200 Required: 1. Compute the budgeted cash receipts for Iguana. {Do not round your Intermediate calculations. Round l'lnal answers to 2 decimal places.) ........c.......... _ s 2. Compule lhe budgeted cash paymems for Iguana. [DO not round your Intermediate calculations. Round nal answers In 2 decimal places.) ........c............. __ s 3. Prepare the cash budget for Iguana. Assume the company can borrow In increments of 51.000 to malnlain a $10,000 minimum cash balance. (Leave no cell blank enur'Tl" wherever required. Round your answers to 2 declmal places.) Beginning Cash Balance Plus: Budgeted Cash Receipts Less: Budgeted Cash Payments Prallmlnary Cash Balance Cash Borrowed I Repaid Endi'lg Cash Balance