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Required information Miami Solar manufactures solar panels for industrial use. The company budgets production...

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Accounting

Required information
Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,000 units (solar panels) in July and 5,300 units in August.
Each unit requires 4 hours of direct labor at a rate of $16 per hour. The company applies variable overhead at the rate of $12 per direct labor hour. Budgeted fixed factory overhead is $180,000 per month. Prepare a factory overhead budget for August.
\table[[MIAMI SOLAR],[Factory Overhead Budget,],[Direct labor hours needed,August],[Budgeted variable overhead,],[,],[Budgeted total factory overhead,]]
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