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 340, 320, 392, 352, and 420 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $17 per hour. The company's variable overhead is $6 per unit produced and its fixed overhead is $5,700 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 $18.75.) 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 $18.75.) (Round your answer to 2 decimal places.) Manufacturing cost per unit