Required information Use the followling Information for the Qulck Study below. (Algo) Miami Solar manufactures solar panels for Industrlal use. The company budgets production of 5,000 units (solar panels) in July and 4,600 units in August. QS 20-9 (Algo) Manufacturing: Dlrect materlals budget LO P1 Each unit requires 2 pounds of direct materlals, which cost $6 per pound. The company's policy is to maintain direct materlals Inventory equal to 20% of the next month's direct materlals requlrement. As of June 30 , the company has 2000 pounds of direct materlals in Inventory. Prepare the direct materlals budget for July. Required information Use the followlng Information for the Qulck Study below. (Algo) Miami Solar manufactures solar panels for Industrlal use. The company budgets productlon of 5,000 units (solar panels) in July and 4,600 units in August. QS 20-10 (Algo) Manufacturing: Direct labor budget LO P1 Each unlt requlres 4 hours of direct labor at a rate of $14 per hour. Prepare a direct labor budget for July. Required information Use the following Information for the Qulck Study below. (Algo) Miami Solar manufactures solar panels for Industrlal use. The company budgets production of 5,000 units (solar panels) in July and 4,600 units in August. QS 20-11 (Algo) Manufacturing: Factory overhead budget LO P1 Each unit requires 4 hours of direct labor at a rate of $14 per hour. The company applies varlable overhead at the rate of $13 per direct labor hour. Budgeted fixed factory overhead is $175,000 per month. Prepare a factory overhead budget for August