Dancause Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During October, the company budgeted for 5,100 units, but its actual level of activity was 5,090 units. The company has provided the following data concerning the formulas to be used in its budgeting:

	Fixed element per month			Variable element per unit
Revenue				$	39.20
Direct labor	$	0		$	5.40
Direct materials		0			13.20
Manufacturing overhead		45,800			1.70
Selling and administrative expenses		22,800			0.50
Total expenses	$	68,600		$	20.80

The manufacturing overhead in the flexible budget for October would be closest to:

a. 54,453

b. 54,470

c. 52,739

d. 52,947