E8-23 (Algo) Cost of Goods Sold Budget (LO 8-3f] Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 400, 380, 452, 412, and 480 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $20 per hour. The company's variable overhead is $9 per unit produced and its fixed overhead is $6,000 per month. Use the information presented to complete the requirements. The drone toy includes 4 LED lights, which cost $15 each. Required: 1. Determine Galactic's budgeted manufacturing cost per drone. (Note: assume that fixed overhead per unit is $20.25.) 2. Determine Galactic's budgeted cost of goods sold for January and February. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Galactic's budgeted manufacturing cost per drone. (Note:assume that fixed overhead per unit is $20.25.) (Round your answer to 2 decimal places.) Manufacturing cost per unit (Required 1 Required 2 >