Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,700 units (solar panels) in July and 4,400 units in August. Each unit requires 3 hours of direct labor at a rate of $18 per hour. The company applies variable overhead at the rate of $13 per direct labor hour. Budgeted fixed factory overhead is $188,000 per month. Prepare a factory overhead budget for August