Question 1 4 pts Alec Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 6240 direct labor-hours will be required in August. The variable overhead rate is $1.60 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $86,520 per month, which includes depreciation of $9500. All other fixed manufacturing overhead costs represent current cash flows. The August cash disbursements for manufacturing overhead on the manufacturing overhead budget should be: $9,500 $87,004 $96,504 $86,520