20 q pt 5-7

07 5 Part 1 of 3 Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,100 units (solar panels) in July and 4,800 units in August 5 points Each unit requires 4 pounds of direct materials, which cost $7 per pound. The company's policy is to maintain direct materials Inventory equal to 30% of the next month's direct materials requirement. As of June 30, the company has 4,920 pounds of direct materials in inventory. Prepare the direct materials budget for July Book MIAMI SOLAR Direct Materials Budget Hot July 4,100 Units to produce References Materials needed for production (pounds) Total materials required (pounds) Materials to purchase (pounds) Cost of Grect materials purchases Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 4100 units (solar panels) in July and 4,800 units in August Each unit requires 4 hours of direct laborat a rote of $17 per hour Prepare a direct labor budget for July MIAMI SOLAR Direct Labor Budget Units to produce July 4,100 Direct labor hours needed Cost of direct labor Required information Miami Solar manufactures solar panels for Industrial use. The company budgets production of 4100 units (solar panels) in July and 4,800 units in August Each unit requires 4 hours of direct labor at a rate of $17 per hour. The company applles variable overhead at the rate of $20 per direct labor hour. Budgeted fixed factory overhead is $188,000 per month. Prepare a factory overhead budget for August MIAMI SOLAR Factory Overhead Budget August Direct labor hours needed Budgeted variable overhead Budgeted total factory overhead