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Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,900 units (solar panels) in July and 6,200 units in August. Each unit requires 4 hours of direct labor at a rate of $12 per hour. Variable factory overhead is budgeted to be 80% of direct labor cost, and fixed factory overhead is $176,000 per month. Prepare a factory overhead budget for August. MIAMI SOLAR Factory Overhead Budget For Month Ended August 31 Budgeted total overhead