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 320, 300, 372, 332, and 400 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $16 per hour. The company's variable overhead is $5 per unit produced and its fixed overhead is $5,600 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 $18.25.) 2. Determine Galactic's budgeted cost of goods sold for January and February. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Galactic's budgeted manufacturing cost per drone. (Note:assume that fixed overhead per unit is $18.25.) (Round your answer to 2 decimal places.) Manufacturing cost per unit < Required 1 Required 2 > Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 320, 300, 372, 332, and 400 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $16 per hour. The company's variable overhead is $5 per unit produced and its fixed overhead is $5,600 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 $18.25.) 2. Determine Galactic's budgeted cost of goods sold for January and February. Complete this question by entering your answers in the tabs below. 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 Required 2 > Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 320, 300, 372, 332, and 400 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $16 per hour. The company's variable overhead is $5 per unit produced and its fixed overhead is $5,600 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 $18.25.) 2. Determine Galactic's budgeted cost of goods sold for January and February. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Galactic's budgeted manufacturing cost per drone. (Note:assume that fixed overhead per unit is $18.25.) (Round your answer to 2 decimal places.) Manufacturing cost per unit < Required 1 Required 2 > Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 320, 300, 372, 332, and 400 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $16 per hour. The company's variable overhead is $5 per unit produced and its fixed overhead is $5,600 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 $18.25.) 2. Determine Galactic's budgeted cost of goods sold for January and February. Complete this question by entering your answers in the tabs below. 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 Required 2 >
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Calculation 1 Cost per Unit Material Cost 3x15 45 Labor C... View the full answer
Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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