Questions 14-15

! 15 Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,700 units (solar panels) in July and 4,500 units in August. Part 2 of 2 5 points Each unit requires 5 hours of direct labor at a rate of $12 per hour. Prepare a direct labor budget for July. 02:00:40 MIAMI SOLAR Direct Labor Budget For Month Ended July 31 Budgeted production 5,700 Total labor hours needed Budgeted cost of direct labor ! 14 Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,700 units (solar panels) in July and 4,500 units in August. Part 1 of 2 7 points Each unit requires 4 pounds of direct materials, which cost $5 per pound. The company's policy is to maintain direct materials inventory equal to 40% of the next month's direct materials requirement. As of June 30, the company has 9,120 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July. 8 02:00:47 5,700 4 MIAMI SOLAR Direct Materials Budget For Month Ended July 31 Budget production (units) Materials requirements per unit Materials needed for production (lbs.) Add: Budgeted ending inventory (lbs.) Total materials requirements (lbs.) Less: Beginning inventory (lbs.) Materials to be purchased (lbs.) Materials price per pound Budgeted cost of direct materials purchases