Kerekes Manufacturing Corporation has prepared the following overhead budget for next month. 1 Activity level 2,600 machine- hours $11,960 22,100 Variable overhead costs: Supplies Indirect labor Fixed overhead costs: Supervision Utilities Depreciation Total overhead cost 15,600 6,000 7,000 $62,660 The company's variable overhead costs are driven by machine-hours. What would be the total budgeted overhead cost for next month if the activity level is 2,500 machine-hours rather than 2,600 machine-hours? Multiple Choice $60,750 $60,250 $61,350 $62,660