Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 600,580,652,612, and 680 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $30 per hour. The company's variable overhead is $19 per unit produced and its fixed overhead is $7,000 per month. Use the information presented to complete the requirements. The drone toy includes 2 LED lights, which cost \$15 each. Required: 1. Determine Galactic's budgeted manufacturing cost per drone. (Note: assume that fixed overhead per unit is \$25.25.) 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 $25.25.) (Round your answer to 2 decimal places.) Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 640,620,692,652, and 72 respectively. Required: 1. The company's policy for ending finished goods is 25 percent of next month's sales. Prepare a production budget for the first quarter. 2. The drone toy includes 2 LED lights, which cost $15 each. The company requires ending direct materials to be 20 percent of next month's materials requirement. Prepare a direct materials purchases budget with respect to LED lights for the first quarter. Complete this question by entering your answers in the tabs below. The company's policy for ending finished goods is 25 percent of next quarter's sales. Prepare a production budget for the first quarter