Required information Use the following information for the Quick Study below Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,600 units (solar panels) in July and 4,500 units in August QS 22-14 Manufacturing: Direct labor budget LO P1 Each unit requires 5 hours of direct labor at a rate of $16 per hour. Prepare a direct labor budget for July. MIAMI SOLAR Direct Labor Budget For Month Ended July 31 Budgeted production 4,600 Total labor hours needed Budgeted cost of direct labor