required information Use the following information for the Quick Study below. (Algo) Miami Solar manufactures solar panels for Industrial use. The company budgets production of 5,500 units (solar panels) in July and 6,000 units in August QS 22-9 (Algo) Manufacturing: Direct materials budget LO P1 Each unit requires 4 pounds of direct materials, which cost 56 per pound. The company's policy is to maintain direct materials inventory equal to 20% of the next month's direct materials requirement. As of June 30, the company has 4.400 pounds of direct materials in inventory. Prepare the direct materials budget for July MIAMI SOLAR Direct Materials Budget July 5.500 Units to produce Materials needed for production (pounds) Total materials required (pounds) Matonals to purchase (pounds) Cost of direct matenals purchases ! Required information Use the following information for the Quick Study below. (Algo) Miami Solar manufactures solar panels for Industrial use. The company budgets production of 5,500 units (solar panels) in July and 6,000 units in August QS 22-10 (Algo) Manufacturing: Direct labor budget LO P1 Each unit requires 3 hours of direct labor at a rate of $18 per hour. Prepare a direct labor budget for July MIAMI SOLAR Direct Labor Budget July 5500 Units to produce Direct inbor hours needed Cost of direct labor Required information Use the following information for the Quick Study below. (Algo) Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,500 units (solar panels) in July and 6,000 units in August QS 22-11 (Algo) Manufacturing: Factory overhead budget LO P1 Each unit requires 3 hours of direct laborat a rate of $18 per hour. The company applies variable overhead at the rate of $10 per direct labor hour. Budgeted fixed factory overhead is $184,000 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