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 520, 500, 572, 532, and 600 respectively. Budgeted production in units for January, February, and March were 515, 518, and 562 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $26 per hour. The company's variable overhead is $15.00 per unit produced and its fixed overhead is $6,600 per month. 0/5.7 points awarded Scored Required: 1. Determine Galactic's direct labor budget for the first quarter. 2. Determine Galactic's manufacturing overhead budget for the first quarter. eBook Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Determine Galactic's direct labor budget for the first quarter. Print Jan Feb Mar 1st Quarter $ 40,560 $ 39,000 $ 44,616 X $ 124,176 Budgeted Direct Labor Cost References Required 1 Required 2 > *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. 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 520, 500, 572, 532, and 600 respectively. Budgeted production in units for January, February, and March were 515, 518, and 562 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $26 per hour. The company's variable overhead is $15.00 per unit produced and its fixed overhead is $6, 600 per month. 0/5.7 points awarded Scored Required: 1. Determine Galactic's direct labor budget for the first quarter. 2. Determine Galactic's manufacturing overhead budget for the first quarter. eBook Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Determine Galactic's manufacturing overhead budget for the first quarter. Print Jan 8,160 $ Feb 8,100 $ Mar 1st Quarter 8,316 X $ 24,576 Budgeted Manufacturing Overhead $ References *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted