Required information Use the following Informatlon for the Qulck Study below. (Algo) Miami Solar manufactures solar panels for Industrlal use. The company budgets productlon of 5,500 units (solar panels) in July and 5,800 units in August. QS 20-9 (Algo) Manufacturing: Dlrect materlals budget LO P1 Each unit requilres 3 pounds of direct materlals, which cost $6 per pound. The company's policy is to maintain direct materials nventory equal to 30% of the next month's direct materlals requirement. As of June 30 , the company has 4,950 pounds of direct materlals in Inventory. Prepare the direct materlals budget for July. Required information Use the followlng Informatlon for the Qulck Study below. (Algo) Mlami Solar manufactures solar panels for Industrlal use. The company budgets productlon of 5,500 units (solar panels) in July and 5,800 units in August. QS 20-10 (Algo) Manufacturing: Direct labor budget LO P1 Each unlt requlres 5 hours of dilrect labor at a rate of $17 per hour. Prepare a direct labor budget for July. Required information Use the followlng Informatlon for the Qulck Study below. (Algo) Mlami Solar manufactures solar panels for Industrlal use. The company budgets productlon of 5,500 units (solar panels) in July and 5,800 units in August. QS 20-11 (Algo) Manufacturlng: Factory overhead budget LO P1 Each unit requires 5 hours of direct labor at a rate of $17 per hour. The company applies varlable overhead at the rate of $11 per direct abor hour. Budgeted fixed factory overhead is $182,000 per month. Prepare a factory overhead budget for August