Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,800 units (solar panels) in July and 4,400 units in August. QS 20-11 (Algo) Manufacturing: Factory overhead budget LO P1 Each unit requires 4 hours of direct labor at a rate of $16 per hour. The company applies variable overhead at the rate of $16 per direct labor hour. Budgeted fixed factory overhead is $177,000 per month. Prepare a factory overhead budget for August