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can someone help me? Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,000 units (solar panels) in July and 5,300
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Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,000 units (solar panels) in July and 5,300 units in August. 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: Prepare a factory overhead budget for August. \begin{tabular}{|l|r|r|} \hline \multirow{2}{*}{ Units to be produced } & \multicolumn{1}{|c|}{ July } & August \\ \hline \end{tabular} \begin{tabular}{|l|c|} \hline & \\ \hline Direct labor hours (DLHs) per unit & 4 DLH \\ \hline Direct labor rate & $16 per DLH \\ \hline Variable overhead rate per direct labor hour & $12 per DLH \\ \hline Budgeted fixed factory overhead & $180,000 per month \\ \hline \end{tabular} Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,000 units (solar panels) in July and 5,300 units in August. 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: Prepare a factory overhead budget for August. \begin{tabular}{l} MIAMI SOLAR \\ Factory Overhead Budget \\ Direct labor hours needed \\ Variable overhead rate per direct labor hour \\ Budgeted variable overhead \\ Budgeted fixed overhead \\ Budgeted total factory overhead \\ \hline \end{tabular}Step by Step Solution
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