Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,200 units (solar panels) in July and 4,800 units in August. QS 20-15 Manufacturing: Factory overhead budget LO P1 Each unit requires 4 hours of direct labor at a rate of $13 per hour. Variable factory overhead is budgeted to be 80% of direct labor cost, and fixed factory overhead is $177,000 per month. Prepare a factory overhead budget for August

MIAMI SOLAR
Factory Overhead Budget
For Month Ended August 31
Total budgeted direct labor
Variable overhead rate	80%
Budgeted variable overhead
Budgeted fixed overhead	177,000
Budgeted total overhead	$177,000