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E8-23 (Algo) Cost of Goods Sold Budget [LO 8-3f] Galactic Incorporated manufactures flying drone toys. Sales units for January, February, March, April, and May were 480, 460, 532, 492, and 560 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $24 per hour The company's variable overhead is $13 per unit produced and its fixed overhead is $6,400 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 \$22.25.) 2. Determine Galactic's budgeted cost of goods sold for January and February. Complete this question by entering your answers in the tabs below. Determine Galactic's budgeted manufacturing cost per drone. (Note: assume that fixed overhead per unit is $22.25.) Note: Round your answer to 2 decimal places. E8-23 (Algo) Cost of Goods Sold Budget [LO 8-3f] Galactic Incorporated manufactures flying drone toys. Sales units for January, February, March, April, and May were 480, 460,532,492, and 560 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is \$24 per hour. The company's variable overhead is $13 per unit produced and its fixed overhead is $6,400 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 $22.25.) 2. Determine Galactic's budgeted cost of goods sold for January and February. Complete this question by entering your answers in the tabs below. Determine Galactic's budgeted cost of goods sold for January and February. Note: Do not round your intermediate calculations