Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were...
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Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 420, 400, 472, 432, and 500 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $21 per hour. The company's variable overhead is $10 per unit produced and its fixed overhead is $6,100 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 $20.75.) 2. Determine Galactic's budgeted cost of goods sold for January and February. Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 420, 400, 472, 432, and 500 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $21 per hour. The company's variable overhead is $10 per unit produced and its fixed overhead is $6,100 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 $20.75.) 2. Determine Galactic's budgeted cost of goods sold for January and February.
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1 The computation of the budgeted manufacturing cost per drone is shown below D... View the full answer
Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Posted Date:
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