QUESTION 21 Assume a company's direct labor budget for July estimates 10,000 labor-hours to meet the month's production requirements. The variable manufacturing overhead rate used for budgeting purposes is $2.50 per direct labor-hour. The budgeted fixed manufacturing overhead for July is $60,000 including $5,000 of depreciation. What is the amount of budgeted cash disbursements for manufacturing overhead for July? $90,000 $80,000 $86,000 $88,000 QUESTION 22 Assume a company's sales budget for July estimates 15,000 units sold. The variable selling and administrative expense used for budgeting purposes is $4.00 per unit sold. The total budgeted fixed selling and administrative expense for July is $80,000 including depreciation of $15,000. What is the total budgeted selling and administrative expense for July? $155,000 $125,000 $140,000 $120,000