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E8-22 (Static) Preparing the Direct Labor and Manufacturing Overhead Budgets [LO 8-3d, e] Galactic Inc. manufactures flying drone toys. Sales units for January, February March April and May were 300, 280, 352, 312, and 380 respectively. Budgeted production in units for January, February, and March were 295, 298, and 342 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $15 per hour. The company's variable overhead is $4.00 per unit produced and its fixed overhead is $5,500 per month. Required: 1. Determine the Galactic's direct labor budget for the first quarter. 2. Determine the Galactic's manufacturing overhead budget for the first quarter Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the Galactic's direct labor budget for the first quarter. Jan Feb Mar 1st Quarter 13,500 $ 12,600 $ 15,840 $ 41,940 Budgeted Direct Labor Cost $ Required 2 > E8-22 (Static) Preparing the Direct Labor and Manufacturing Overhead Budgets [LO 8-3d, e] Galactic Inc. manufactures flying drone toys. Sales units for January, February March April and May were 300, 280, 352, 312, and 380 respectively. Budgeted production in units for January, February, and March were 295, 298, and 342 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $15 per hour. The company's variable overhead is $4.00 per unit produced and its fixed overhead is $5,500 per month. Required: 1. Determine the Galactic's direct labor budget for the first quarter. 2. Determine the Galactic's manufacturing overhead budget for the first quarter Complete this question by entering your answers in the tabs below. Required 1 Required Determine the Galactic's manufacturing overhead budget for the first quarter. Jan 6,700 $ Feb 6,620 $ Mar 1st Quarter 6,908 $ 20,228 Budgeted Manufacturing Overhead $