S 7-9 (Algo) Manufacturing: Direct materials budget LO P1 Pr 10 10 Each unit requires 2 pounds of direct materials, which cost $7 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 1,880 pounds of direct materials in inventory. Prepare the direct materials budget for July. MIAMI SOLAR Direct Materials Budget July 4,700 Units to produce References Materials needed for production (pounds) Total materials required (pounds) Materials to purchase (pounds) Cost of direct materials purchases 3 Required information Part 23 Use the following information for the Quick Study below. (Algo) 2 points Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,700 units (solar panels) in July and 4.600 units in August QS 7-10 (Algo) Manufacturing: Direct labor budget LO P1 Each unit requires 4 hours of direct labor at a rate of $12 per hour Prepare a direct labor budget for July MIAMI SOLAR Direct Labor Budget July P Units to produce 4.700 D Rece Direct labor hours needed Cost of direct labor Check my wirk Layout More Roman 12 p " Ityles None That Layout More hine Roman 4 Required information Part 33 Use the following information for the Quick Study below. (Algo) 2 points Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,700 units (solar panels) in July and 4,600 units in August QS 7-11 (Algo) Manufacturing: Factory overhead budget LO P1 Each unit requires 4 hours of direct labor at a rate of $12 per hour. The company applies variable overhead at the rate of $13 per direct labor hour Budgeted fixed factory overhead is $189,000 per month. Prepare a factory overhead budget for August MIAMI SOLAR Factory Overhead Budget August Direct labor hours needed Budgeted variable overhead Budgetal factory overhead Check my work Layout More w Roman 12 pt Styles None Text Layout More New Roman