! Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,300 units (solar panels) in July and 5,600 units in August Each unit requires 5 hours of direct labor at a rate of $16 per hour. The company applies variable overhead at the rate of $11 per direct labor hour. Budgeted fixed factory overhead is $180,000 per month. Prepare a factory overhead budget for August. MIAMI SOLAR Factory Overhead Budget August Direct labor hours needed Budgeted variable overhead Budgeted total factory overhead