Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,600 units (solar panels) in July and 6,200 units in August. ach unit requires 3 hours of direct labor at a rate of $18 per hour. The company applies variable overhead at the rate of $12 per direct bor hour. Budgeted fixed factory overhead is $180,000 per month. Prepare a factory overhead budget for August