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 5.600 units (solar panels) in July and 4,900 units in August. QS 20-11 (Algo) Manufacturing: Factory overhead budget LO P1 Each unit requires 3 hours of direct labor at a rate of $15 per hout. The company applies variable overhead at the rate of $11 per direct labor hour. Budgeted fixed factory overheod is $181,000 per month. Prepare a factory overheod budget for August