E8-23 (Algo) Cost of Goods Sold Budget [LO 8-3f] Galactic Incorporated manufactures flying drone toys. Sales units for January. February, March, April, and May were 640, 620,692 . 652, and 720 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $32 per hour. The company's variable overhead is $21 per unit produced and its fixed overhead is $7,200 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 foxed overhead per unit is $26.25.) 2. Determine Galactic's budgeted cost of goods sold for January and February, Complete this question by entering your answers in the tabs below. Determine Galactic's budgeted manufacturing cost per drone. (Note: assume that fixed overhead per unit is $26.25. ) Note: Round your answer to 2 decimal places