Required information Use the following information for the Quick Study below. Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,500 units (solar panels) in July and 5,600 units in August. QS 20-14 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. 5,500 MIAMI SOLAR Direct Labor Budget For Month Ended July 31 Budgeted production Labor requirements per unit (hours) Total labor hours needed Labor rate (per hour) Budgeted cost of direct labor