Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,700 units (solar panels) in July and 5,100 units in August. Each unit requires 4 hours of direct labor at a rate of $11 per hour. The company applies variable overhead at the rate of $15 per direct labor hour. Budgeted fixed factory overhead is $172,000 per month. Prepare a factory overhead budget for August