All factory overhead costs are estimated based on the level of direct labor hours used. Total monthly fixed costs are expected to be $800,000, variable costs per direct labor hour are expected to be $48, and 800 direct labor hours are expected to be used in March, which of the following would be the best estimate of total factory overhead costs for the month of March? Responses

$838,400

$38,400

$800,000

$861,600