Bos Burgers currently produces and sells 12,000 burgers per months with the following costs:

Variable costs $2.40 per unit

Fixed costs $60,000

Bo has recently switched food suppliers and anticipates that variable costs will decrease by $0.35 per unit. In addition , Bo has renegotiated his store lease and fixed costs will be dropping by $8,000 per month.

Bo anticipates selling 12,300 burgers during the month of July What will be his estimated total cost during July ? (PLEASE SHOW ALL WORK, THANKS)