Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Galactic Inc, manufactures flying drone toys, Sales units for January, February March April and May were 300, 280, 352, 312, and 380 respectively. Each unit

image text in transcribed
image text in transcribed
image text in transcribed
Galactic Inc, manufactures flying drone toys, Sales units for January, February March April and May were 300, 280, 352, 312, and 380 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $15 per hour. The company's variable overhead is $6.00 per unit produced and its fixed overhead is $5,700 per month based on a budgeted volume of 300 units. Use the information presented to complete the requirements. The drone toy includes 2 LED lights, which cost $15 each. 2 3 4 Required: 5 1. Determine Galactic's budgeted manufacturing cost per drone. (4 marks) 6 7 Budgeted Manufacturing Costs per unit Amount 3 MB V2 New... Prepare Galactic's budgeted cost of goods sold for February. (1 mark) Budgeted Cost of Goods Sold Amount

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

I Love My Awesome Auditor

Authors: Lovely Hearts Publishing

1st Edition

1794298169, 978-1794298163

More Books

Students also viewed these Accounting questions

Question

What are estate, gift, and inheritance taxes?

Answered: 1 week ago