Check my work 4 ! Required information Use the following information for the Quick Study below. Part 1 of 3 Miami Solar manufactures solar panels for ind ustrial use. The company budgets production of 5,400 units (solar panels) in July and 4,400 units in August. 16.66 points QS 20-13 Manufacturing: Direct materials budget LO P1 Each unit requires 3 pounds of direct materials, which cost $6 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 4,860 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July. eBook Hint MIAMI SOLAR Direct Materials Budget Print For Month Ended July 31 Budget production (units) Materials requirements per unit 5,400 References Materials needed for production (lbs.) Add: Budgeted ending inventory (Ibs.) Total materials requirements (lbs.) Less: Beginning inventory (Ibs.) 4,860 Materials to be purchased (Ibs.) Materials price per pound $ 6 Budgeted cost of direct materials purchases Required information Part 2 of 3 Use the following information for the Quick Study below. Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,400 units (solar panels) in July and 4,400 units in August. 16.66 points QS 20-14 Manufacturing: Direct labor budget LO P1 Each unit requires 4 hours of direct labor at a rate of $11 per hour. Prepare a direct labor budget for July ook MIAMI SOLAR Hint Direct Labor Budget For Month Ended July 31 Budgeted production 5,400 Print Total labor hours needed References Budgeted cost of direct labor LO Check my work 6 Required information Use the following information for the Quick Study below. Part 3 of 3 Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,400 units (solar panels) in July and 4,400 units in August 16,7 points QS 20-15 Manufacturing: Factory overhead budget LO P1 Each unit requires 4 hours of direct labor at a rate of $11 per hour. Variable factory overhead is budgeted to be 80% of direct labor cost, and fixed factory overhead is $184,000 per month. Prepare a factory overhead budget for August. k Hint MIAMI SOLAR Factory Overhead Budget For Month Ended August 31 Print References Budgeted total overhead Check my work 6 Required information Use the following information for the Quick Study below. Part 3 of 3 Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,400 units (solar panels) in July and 4,400 units in August 16,7 points QS 20-15 Manufacturing: Factory overhead budget LO P1 Each unit requires 4 hours of direct labor at a rate of $11 per hour. Variable factory overhead is budgeted to be 80% of direct labor cost, and fixed factory overhead is $184,000 per month. Prepare a factory overhead budget for August. k Hint MIAMI SOLAR Factory Overhead Budget For Month Ended August 31 Print References Budgeted total overhead
