Each unit requires $2$ pounds of direct materials, which cost $$5$ per pound. The company's policy is to maintain direct materials Required information

Miami Solar manufactures solar panels for industrial use. The company budgets production of $5,200$ units $($solar panels$)$ in

July and $6,200$ units in August.

Each unit requires $4$ hours of direct labor at a rate of $$15$ per hour. Prepare a direct labor budget for July. THE REQUIRED INFOMATION IS FOR BOTH QUESTIONS!!!

inventory equal to $40\%$ of the next month's direct materials requirement. As of June $30,$ the company has $4,160$ pounds of direct

materials in inventory. Prepare the direct materials budget for July.