7) Davey Corporation is preparing its Manufacturing Overhead Budget for the fourth quarter of the year. The budgeted variable manufacturing overhead rate is $3.00 per direct labor-hour; the budgeted fixed manufacturing overhead is $66,000 per month, of which $10,000 is factory depreciation.

If the budgeted direct labor time for October is 6,000 hours, then the total budgeted manufacturing overhead for October is:

	$28,000
	$56,000
	$74,000
	$84,000