Required Information Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,700 units (solar panels) in July and 5,300 units in August. Each unit requires 4 hours of direct labor at a rate of $11 per hour. Variable factory overhead is budgeted to be 70% of direct labor cost and fixed factory overhead is $171,000 per month. Prepare a factory overhead budget for August MIAMI SOLAR Factory Overhead Budget For Month Ended August 31 Budgeted total overhead Seved ework Assignment Atlantic Surf manufactures surfboards. The company's sales budget for the next three months is shown below. In addition, company policy is to maintain finished goods inventory equal (In units) to 40% of the next month's unit sales. As of June 30, the company has 1,600 finished surfboards in Inventory, which complies with the policy. July August September Sales (in units) 4,000 7,100 4,500 Prepare a production budget for the months of July and August ATLANTIC SURF Production Budget July and August July August Budgeted ending inventories July August Required units of available production Units to be produced