Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,700 units (solar panels) in July and 5,400 units in August. Each unit requires 5 hours of direct labor at a rate of $17 per hour. Variable factory overhead is budgeted to be 60% of direct labor cost, and fixed factory overhead is $176,000 per month. Prepare a factory overhead budget for August. MIAMI SOLAR Factory Overhead Budget For Month Ended August 31 Budgeted total overhead $