Question: Hi need help solving this problem! Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 660, 640, 712,

Hi need help solving this problem!

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.

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