Dog-gone-it Corporation manufactured 25,000 dog leashes during March. The fixed overhead cost allocation rate is $20.00 per machine-hour. The following fixed overhead data pertain to March: Actual Static Budget Production 25,000 units 24,000 units Machine-hours 6,100 hours 6,000 hours Fixed overhead costs for $120,000 March $123,000 Required: What is the flexible-budget amount for fixed-overhead? (5 marks - 1 mark for correct multi-choice answer and 4 marks for showing your calculations). A) $120,000 B) $122,000 C) $123,000 D) $125,000 E) $120,983