Required information Use the following information for the Quick Study below. (Algo) Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,400 units (solar panels) in July and 5,600 units in August Each unit requires 4 hours of direct labor at a rate of $19 per hour. The company applies variable overhead at the rate of $12 per direct labor hour Budgeted fixed factory overhead is $175,000 per month. Prepare a factory overhead budget for August MIAMI SOLAR Factory Overhead Budget August Budgeted total factory overhead $