Answered step by step
Verified Expert Solution
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
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started