! Required information Use the following information for the Quick Study below. Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,900 units (solar panels) in July and 6,200 units in August. QS 20-14 Manufacturing: Direct labor budget LO P1 Each unit requires 5 hours of direct labor at a rate of $11 per hour. Prepare a direct labor budget for July. MIAMI SOLAR Direct Labor Budget For Month Ended July 31 Budgeted production 5,900 Total labor hours needed Budgeted cost of direct labor Required information Use the following information for the Quick Study below. Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,900 units (solar panels) in July and 6,200 units in August. QS 20-15 Manufacturing: Factory overhead budget LO P1 Each unit requires 5 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 $188,000 per month. Prepare a factory overhead budget for August. MIAMI SOLAR Factory Overhead Budget For Month Ended August 31 Budgeted total overhead