B C D E F G Miami Solar manufactures solar panels for industrial use. The company budgets production of 3 5,000 units (solar panels) in July and 5,300 units in August. 123456 7 88 9 Each unit requires 4 hours of direct labor at a rate of $16 per hour. The company applies variable overhead at the rate of $12 per direct labor hour. Budgeted fixed factory overhead is 180,000 per month. (Click on the Graded Worksheet Tab below.) Required: 10 Prepare a factory overhead budget for August. 11 12 13 Units to be produced 14 15 Direct labor hours (DLHS) per unit 16 Direct labor rate 17 Variable overhead rate per direct labor hour 18 Budgeted fixed factory overhead 19 20 21 July 5,000 4 DLH August 5,300 $16 per DLH $12 per DLH $180,000 per month + A15 XV fx A B C D E 1 2 Miami Solar manufactures solar panels for industrial use. The company budgets 3 production of 5,000 units (solar panels) in July and 5,300 units in August. 4 5 Each unit requires 4 hours of direct labor at a rate of $16 per hour. The company applies 6 variable overhead at the rate of $12 per direct labor hour. Budgeted fixed factory 7 overhead is 180,000 per month. (Click on the Graded Worksheet Tab below.) 8 9 Required: Prepare a factory overhead budget for August. 10 11 MIAMI SOLAR 12 Factory Overhead Budget 13 14 Direct labor hours needed 15 16 Budgeted variable overhead 17 18 Budgeted total factory overhead 19 20 August 20,000