Miami Solar budgets production of 5,000 solar panels in July. Each unit requires 4 hours of direct labor at a rate of $16 per hour. Prepare a direct labor budget for July. irect actory P1 Miami Solar budgets production of 5,300 solar panels for August. Each unit requires 4 hours of direct la bor at a rate of $16 per hour. Variable factory overhead is budgeted to be 70% of direct labor cost, and fixed factory overhead is $180,000 per month. Prepare a factory overhead budget for August. Atlantic Surf manufactures surfboards. The company's sales budget for the next three months is shown below. In addition, company policy is to maintain finished goods inventory equal (in units) to 40% of the next month's unit sales. As of June 30, the company has 1.600 finished surfboards in inventory, which complies with the policy. Prepare a production budget for the months of July and August. which of the following sets of items are necessary components of the master budget. 1. Operating budgets, historical income statement, and budgeted balance sheet. 2. Prior sales reports, capital expenditures budget, and financial budgets. 3. Sales budget, operating budgets, and historical financial budgets. 4. Operating budgets, financial budgets, and capital expenditures budget. tasz Come mast C2 ce manufactures and sells miniature dicital cameras for $250 each. 1.000 units were sold in May, and management forecast amigement forecasts 4% growth in unit sales each month. Determine (a) the number of units of camera sales and (b) the dollar amount of camera sales for the month of June. sa zily Co, predicts sales of $400.000 for June. Zilly pays a sales manager a monthly salary of $6,000 and a commission of 8% of that month's sales dollars. Prepare a selling expense budget for the month of June. Liza's predicts sales of $40,000 for May and $52,000 for June. Assume 60% of Liza's sales are for cash. The remaining 40% are credit sales; credit customers pay in the month following the sale. Compute the budgeted cash receipts for June