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 500, 480, 552, 512, and 580 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $25 per hour. The company's variable overhead is $14 per unit produced and its fixed overhead is $6,500 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 $22.75.) 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 500, 480, 552, 512, and 580 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $25 per hour. The company's variable overhead is $14 per unit produced and its fixed overhead is $6,500 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 $22.75.) 2. Determine Galactic's budgeted cost of goods sold for January and February.
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Requirement 1 Determination of Galatics budgeted manufacturing cost per drone Cost per Unit Materia... 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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