PB Popcorn manufactures gourmet caramel corn, cheese corn, and other flavors of popcorn. It expects production of 266 cartons and sales of 280 cartons of popcorn in the next quarter. Each carton requires 5 direct labor hours and employees are paid $18 per hour. Manufacturing overhead is applied at 120% of direct labor cost. What is the total amount of budgeted manufacturing overhead for the quarter?

A. $23,940

B. $30,240

C. $28,728

D. $58,968