Required informotion Miami Solar manufactures solar panels for industrial use The company budgets production of 5,100 units (solar panels) in July and 4,800 units in August. Each unit requires 3 pounds of direct materials, which cost $5 per pound The company's policy is to maintain direct materials inventory equal to 30% of the next month's direct materials requirement. As of June 30 , the company has 4,590 pounds of direct materials in inventory. Prepare the direct materials budget for July. Required information Miami Solar manufactures solar panels for incustnal use The company budgets production of 5100 units (solar panels) in July and 4,800 units in August. Each unit requires 4 hours of direct labor at a tate of $10 per hour Prepsie ar direct labor budget for July