Required Information Miami Solar manufactures solar panels for Industrial use. The company budgets production of 4,200 units (solar panels) in July and 4,400 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 $19 per direct labor hour. Budgeted fixed factory overhead is $186,000 per month. Prepare a factory overhead budget for August. MIAMI SOLAR Factory Overhead Budget August Direct labor hours needed Budgeted variable overhead Budgeted total factory overhead