July and 6,300 units in August 00 units solar panels in QS 20-15 Manufacturing: Factory overhead budget LO P1 Each unit requires 5 hours of direct laborat a rate of $17 per hour. Variable factory overhead is budgeted to be 60% of direct labor cost, and fixed factory overhead is $178,000 per month. Prepare a factory overhead budget for August MIAMI SOLAR Factory Overhead Budget For Month Ended August 31 Budgeted total overhead 0 QS 20-14 Manufacturing: Direct labor budget LO P1 8:41 Each unit requires 5 hours of direct labor at a rate of $17 per hour. Prepare a direct labor budget for July. MIAMI SOLAR 4,600 Direct Labor Budget For Month Ended July 31 Budgeted production Labor requirements per unit (hours) Total labor hours needed Labor rate (per hour) Budgeted cost of direct labor es 23,000 $ 16 $ 368,000 ictures solar panels fordustrial use. The company budget July and 6,300 units in August units (solar panels) in QS 20-13 Manufacturing: Direct materials budget LO P1 8:48 Each unit requires 3 pounds of direct materials, which cost $5 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 4,140 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July. MIAMI SOLAR Direct Materials Budget For Month Ended July 31 Budget production (units) aces 4,600 Materials needed for production (lbs.) Total materials requirements (lbs.) Materials to be purchased (lbs.) Budgeted cost of direct materials purchases