40A company is implementing an activity-based budgeting system. Set-up overhead is allocated based on set-up hours and manufacturing overhead is allocated based on direct manufacturing labor hours. Budget information is listed in the table below. Cost driver information Product A Product B Numbers of units per batch 50 25 Set-up time per batch 1.75 hours 1.25 hours Direct manufacturing labor time per batch 1.00 hours 0.75 hours The company plans to produce 1,000 units of Product A and 750 units of Product B. The activity rates are $100 per set-up hour and $150 per direct manufacturing labor hour. What is the total budgeted overhead