Galactic Inc. manufactures flying drone toys. Sales units for January, February March April and May...
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Galactic Inc. manufactures flying drone toys. Sales units for January, February March April and May were 660, 640, 712, 672 and 740 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $33 per hour. The company's variable overhead is $22 per unit produced and its fixed overhead is $7,300 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 $26.75.) 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 overhead per unit is $26.75.) (Round your answer to 2 decimal places.) Manufacturing cost per unit Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Galactic's budgeted cost of goods sold for January and February Jan Feb Budgeted Cost of Goods Sold Required 1
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