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 640, 620, 692, 652, and 720 respectively. Each
Galactic Inc. 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 fixed 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. Required 1 Required 2 Determine Galactic's budgeted manufacturing cost per drone. (Note: assume that fixed overhea your answer to 2 decimal places.) | Manufacturing cost per unit
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