Fezzari manufactures mountain bicycles. The company expects to produce 2,800 bikes in the next year. The budgeted direct labor hours are 3,800 hours. The budgeted total manufacturing overhead costs include $1.50 per direct labor hour for the perks for factory workers, $20 per bike produced for utilities, $12,000 for general liability insurance, $150,000 for equipment depreciation, $360,000 for the floor supervisor salaries, and $54,000 for the rent on the factory facilities.

What is the cash budget for the manufacturing overhead costs?

$576,000

$637,700

$487,700

$632,000