Forrest Company manufactures phone chargers and has a policy that ending inventory should equal 10% of the next month's budgeted unit sales. October's ending Inventory equals 42.000 units. November and December sales are budgeted to be 420,000 units and 390,000 units, respectively. Prepare the production budget for November Answer is not complete. FORREST COMPANY Production Budget November Budgeted sales units 420,000 Desired ending inventory units 42.000 Total requited units 462,000 Less Beginning inventory units Units to produce Miami Solar manufactures solar panels for industrial use. The company budgets production of 6,000 units (solar panels) in July and 5,500 units in August QS 20-11 (Algo) Manufacturing: Factory overhead budget LO P1 Each unit requires 3 hours of direct labor at a rate of $20 per hour. The company applies variable overhead at the rate of $12 per direct labor hour. Budgeted fixed factory overhead is $176,000 per month. Prepare a factory overhead budget for August. Answer is complete but not entirely correct. MAMI SOLAR Factory Overhead Budget August Direct labor hours needed 16,500 Variable overhead rato per direct labor hour $ 4 X Budgeted variable overhead $ 132,000 Budgeted foed overhead 170,000 Budgeted total factory overhead $ 308,000