question 16

Oriole Company is planning to sell 900 boxes of ceramic tile, with production estimated at 720 boxes during May. Each box of tile requires 44 pounds of day mix and a 0.50 hour of direct labor. Clay mix costs $0.40 per pound and employees of the compary are paid 515 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Oriole has 3300 pounds of clay mix in beginning inventory and wants to have 5400 pounds in ending inventory. What is the total amount to be budgeted for manufacturing overhead for the month? $23760$29700$7425$5940