Montgomery Company has developed the following flexible budget formulas for its four overhead items: Overhead item Maintenance Fixed Cost Variable rate per direct labor hour $10,000 $ 3.00 Power $ 1,500 Indirect labor cost Equipment lease $ 0.30 $12.00 $ 7,000 $18.500 Total $15.30 Montgomery normally produces 15,000 units (each unit requires 0.30 direct labor hours); however this year 19,000 units were produced with the following actual costs: Overhead item Maintenance Power Indirect labor cost Equipment lease Total costs Actual costs $14,000 $ 2,200 $70,000 $ 7,000 $93,200 Calculate the after-the-fact budget for the actual level of activity. Oa. $115,000 Ob. $91,600 Oc. $118,600 Od. $77,400 Oe. None of these choices are correct.