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Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,900 units (solar panels) in July and 5,600 units in August. QS 20-11 (Algo) Manufacturing: Factory overhead budget LO P1 Each unit requires 5 hours of direct labor at a rate of $11 per hour. The company applies variable overhead at the rate of $13 per direct labor hour. Budgeted fixed factory overhead is $171,000 per month. Prepare a factory overhead budget for August. MIAMI SOLAR Factory Overhead Budget August Direct labor hours needed Budgeted variable overhead Budgeted total factory overhead $ 0