3 The Royale Company has a standard cost system in which manufacturing overhead is applied to units of product on the basis of direct labor hours (DLH). The company recorded the following data relating to manufacturing overhead for September: Number of units completed 31,200 units; Standard direct labor- hours per unit 1.6 OLHS: Denominator activity 54,000 DLHS; Actual fixed overhead costs incurred $51,300 Quantity variance. $3.468 Unfavorable; Fixed portion of the predetermined overhead rate $0.85 per DLH. The amount of applied fixed overhead cost in the company's overhead budget for September was O $45,900 O $54,760 $49,920 O $47,703