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Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,100 units (solar...

Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,100 units (solar panels) in July and 5,200 units in August.

Each Unit requires 4 hours of direct labor at a rate of $14 per hour. Variable factory overhead is budgeted to be 80% of direct labor cost, and fixed factory overhead is $187,000 per month. Prepare a factory overhead budget for August.

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