Kerekes Manufacturing Corporation has prepared the following overhead budget for next month. Activity level 3,000 machine hours $15,000 26,700 Variable overhead costs: Supplies Indirect labor Fixed overhead costs: Supervision Utilities Depreciation Total overhead cost 16,500 6,400 7,400 $72,000 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 2,900 machine-hours rather than 3,000 machine-hours? Multiple Choice $69,970 $69,600 $70.610 $72.000