Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,500 units (solar panels) in July and 5,100 units in August. QS 20-9 (Algo) Manufacturing: Direct materials budget LO P1 Each unit requires 3 pounds of direct materials, which cost $6 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 4,950 pounds of direct materials in inventory. Prepare the direct materials budget for July. MIAMI SOLAR Direct Materials Budget July Units to produce 5,500 Materials needed for production (pounds), Total materials required (pounds)) Materials to purchase (pounds) Cost of direct materials purchases 6 Part 2 of 3 25 Dints Spoed eBook Required information Use the following information for the Quick Study below. (Algo) Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,500 units (solar panels) in July and 5,100 units in August. QS 20-10 (Algo) Manufacturing: Direct labor budget LO P1 Each unit requires 5 hours of direct labor at a rate of $13 per hour. Prepare a direct labor budget for July. MIAMI SOLAR Direct Labor Budget Pont July References Units to produce 5,500 Direct labor hours needed Cost of drect labor 3 of 3 Book Print ences Required information Use the following information for the Quick Study below. (Algo) Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,500 units (solar panels) in July and 5,100 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 $13 per hour. The company applies variable overhead at the rate of $19 per direct labor hour. Budgeted fixed factory overhead is $179,000 per month. Prepare a factory overhead budget for August. MIAMI SOLAR Factory Overhead Budget August Direct labor hours nooded Budgeted variable overhead Budgeted total factory overhead C