Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,400 units (solar panels) in July and 6,100 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 $19 per direct labor hour. Budgeted fixed factory overhead is $170,000 per month. Prepare a factory overhead budget for August