E8-22 (Algo) 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 560, 540.612.572, and 640 respectively, Budgeted production in units for January, February, and March were 555, 558, and 602 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $28 per hour. The company's variable overhead is $17.00 per unit produced and its fixed overhead is $6,800 per month Required: 1. Determine Galactic's direct labor budget for the first quarter. 2. Determine 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 Galactic's direct labor budget for the first quarter. Jan Feb Mar 1st Quarter Budgeted Direct Labor Cost Red Required 2 E8-22 (Algo) 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 560, 540,612, 572, and 640 respectively. Budgeted production in units for January, February, and March were 555,558, and 662 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $28 per hour. The company's variable overhead is $17.00 per unit produced and its fixed overhead is $6,800 per month. Required: 1. Determine Galactic's direct labor budget for the first quarter. 2. Determine 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 Galactic's manufacturing overhead budget for the rst quarter. Jan Feb Mar 1st Quarter Budgeted Manufacturing Overhead