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Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,300 units (solar panels) in July and 4,700 units in August. Each unit requires 5 hours of direct labor at a rate of $19 per hour. Prepare a direct labor budget for July. Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,300 units (solar panels) in July and 4,700 units in August. :ach unit requires 4 pounds of direct materials, which cost $6 per pound. The company's policy is to maintain direct naterials inventory equal to 30% of the next month's direct materials requirement. As of June 30 , the company has 5,160 pounds of direct materials in inventory. Prepare the direct materials budget for July. \begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ MIAMI SOLAR } \\ \hline \multicolumn{1}{|c|}{ Direct Materials Budget } \\ \hline Units to produce & July \\ \hline Materials needed for production (pounds) & \\ \hline & \\ \hline Total materials required (pounds) & \\ \hline & \\ \hline Materials to purchase (pounds) \\ \hline \end{tabular} Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,300 units (solar panels) in July and 4,700 units in August. ach unit requires 5 hours of direct labor at a rate of $19 per hour. The company applies variable overhead at the rate f $15 per direct labor hour. Budgeted fixed factory overhead is $179,000 per month. Prepare a factory overhead udget for August