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PanoraMl produces small drones. The company's forecasted sales units for January, February, March, April and May are as follows: 660, 640, 712, 672, and 740
PanoraMl produces small drones. The company's forecasted sales units for January, February, March, April and May are as follows: 660, 640, 712, 672, and 740 respectively. The company's finished goods inventory policy is 30% of next month sales. Each drone includes 2 LED lights, which cost $15 each. Each drone unit requires 3 direct labor hours. The company's hourly labor rate is $33 per hour. The company's variable overhead is $22 per unit produced. The fixed overhead is $7,300 per month. Use the information presented to complete the requirements. Required: 1. Determine Panorami's budgeted manufacturing cost per drone. (Note: assume that fixed overhead per unit is $26.75.) 2. Determine the company's budgeted cost of goods sold for January and February
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