:08 Franklin Generators is in the process of preparing a production cost budget for August. Actual costs in July for the production of 60 generators were: Materials cost Labor cost Rent Depreciation Other fixed costs Total $ 5,200 2,600 1,200 1,700 4,600 $ 15,300 Materials and labor are the only variable costs. If production and sales are budgeted to increase to 70 generators in August, how much is the expected total cost on the August budget?