Each unit requires 5 hours of direct labor at a rate of $20 per hour. Variable factory overhead is budgeted to be 70% of direct labor cost, and fixed factory overhead is $183,000 per month. Prepare a factory overhead budget for August.

! 4 Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,900 units (solar panels) in July and 5,300 units in August. Part 3 of 3 Each unit requires 5 hours of direct labor at a rate of $20 per hour. Variable factory overhead is budgeted to be 70% of direct labor cost, and fixed factory overhead is $183,000 per month. Prepare a factory overhead budget for August. 4 points MIAMI SOLAR Factory Overhead Budget For Month Ended August 31 Budgeted total overhead