Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 620, 600, 672, 632, and 700 respectively. Each unit requires 3 direct labor hours and Galactics hourly labor rate is $31 per hour. The companys variable overhead is $20 per unit produced and its fixed overhead is $7,100 per month. Use the information presented to complete the requirements. The drone toy includes 3 LED lights, which cost $15 each.

Required:

1. Determine Galactic's budgeted manufacturing cost per drone. (Note: assume that fixed overhead per unit is $25.75.)

2. Determine Galactic's budgeted cost of goods sold for January and February.

Determine Galactic's budgeted manufacturing cost per drone. (Note:assume that fixed overhead per unit is $25.75. ) (Round your answer to 2 decimal places.) Determine Galactic's budgeted cost of goods sold for January and February