Kerekes Manufacturing Corporation has prepared the following overhead budget for next month. Activity level 2,600 machine-hours Variable overhead costs: Supplies $ 11,960 Indirect labor 22,100 Fixed overhead costs: Supervision 15,600 Utilities 6,000 Depreciation 7,000 Total overhead cost $ 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