E company is planning to sell 2,000 units and produce 2,200 units during the upcoming month. Each unit requires 2 ounces of raw materials at a cost of $15.00 per once and one-half hour of direct labor at a rate of $12.50 per hour. Overhead is applied at a rate of 120% of direct labor costs. The company has 2,000 ounces of raw material in beginning inventory and wants to have 2,400 ounces in ending inventory. How muc overhead cost should be budgeted for the upcoming month?