#12. (The first two pictures) I need help with the whole question with the Explanation and Solution Please and Thank you

I need help with the whole question with the Explanation and Solution Please and Thank you

I need help with the whole question with the Explanation and Solution Please and Thank you

Chapter 20 Connect Assignment Saved Help Save & Exit Submit Check my work 12 Part 1 of 3 Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,700 units (solar panels) in July and 6,100 units in August. 1.78 points Each unit requires 3 pounds of direct materials, which cost $7 per pound. The company's policy is to maintain direct materials inventory equal to 40% of the next month's direct materials requirement. As of June 30, the company has 5,640 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July. eBook Hint Print References MIAMI SOLAR Direct Materials Budget For Month Ended July 31 Budget production (units) 4,700 Materials needed for production (lbs.) Total materials requirements (lbs.) Materials to be purchased (lbs.) Det of small Chapter 20 Connect Assignment Saved Help Save & Exit Submit Check my work 12 Each unit requires 3 pounds of direct materials, which cost $7 per pound. The company's policy is to maintain direct materials inventory equal to 40% of the next month's direct materials requirement. As of June 30, the company has 5,640 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July Part 1 of 3 1.78 points MIAMI SOLAR Direct Materials Budget For Month Ended July 31 Budget production (units) eBook 4.700 Hint Materials needed for production (lbs) Print References Total materials requirements (lbs.) Materials to be purchased (lbs) Budgeted cost of direct materials purchases Chapter 20 Connect Assignment Saved Help Save & Exit Submit Check my work 13 Part 2 of 3 Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,700 units (solar panels) in July and 6,100 units in August. 1.78 points Each unit requires 4 hours of direct labor at a rate of $14 per hour. Prepare a direct labor budget for July. eBook MIAMI SOLAR Direct Labor Budget For Month Ended July 31 Budgeted production Print 4.700 References Total labor hours needed Budgeted cost of direct labor Chapter 20 Connect Assignment Saved Help Save & Exit Submit Check my work 14 Part 3 of 3 Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,700 units (solar panels) in July and 6,100 units in August 1.86 points Each unit requires 4 hours of direct labor at a rate of $14 per hour. Variable factory overhead is budgeted to be 60% of direct labor cost, and fixed factory overhead is $173,000 per month. Prepare a factory overhead budget for August eBook Hint Print MIAMI SOLAR Factory Overhead Budget For Month Ended August 31 References Budgeted total overhead