Davis Corporation is preparing its Manufacturing Overhead Budget for the fourth quarter of the year. The budgeted variable manufacturing overhead rate is $1.70 per direct labor-hour; the budgeted fixed manufacturing overhead is $116,000 per month, of which $30,000 is factory depreciation.

If the budgeted direct labor time for October is 8,000 hours, then the total budgeted manufacturing overhead for October is:

Multiple Choice

$43,600

$86,000

$99,600

$129,600