! Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,200 units (solar panels) in July and 5,600 units in August. Each unit requires 4 hours of direct labor at a rate of $19 per hour. The company applies variable overhead at the rate of $18 per direct labor hour. Budgeted fixed factory overhead is $189,000 per month. Prepare a factory overhead budget for August. MIAMI SOLAR Factory Overhead Budget Direct labor hours needed Variable overhead rate per direct labor hour Budgeted variable overhead Budgeted fixed overhead Budgeted total factory overhead August $ 0