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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 $4.00 per unit produced and its fixed overhead is $5,500 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 $17.75.) 2. Prepare 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 $17.75.) (Round your answer to 2 decimal places.) Manufacturing cost per unit Required 1 Required 2 Determine Galactic's budgeted cost of goods sold for January and February. Budgeted cost of goods sold Jan Feb
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