E8-22 (Algo) Preparing the Direct Labor and Manufacturing Overhead Budgets (LO 8-3d, e] 1 Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 500, 480, 552, 512, and 580 respectively. Budgeted production in units for January, February, and March were 495, 498, and 542 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $25 per hour. The company's variable overhead is $14.00 per unit produced and its fixed overhead is $6,500 per month. 5.7 points Required: 1. Determine Galactic's direct labor budget for the first quarter. 2. Determine Galactic's manufacturing overhead budget for the first quarter. eBook Hint Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Determine Galactic's direct labor budget for the first quarter. Jan Feb Mar 1st Quarter Budgeted Direct Labor Cost