Sheridan Company budgets variable manufacturing overhead at 50% of its direct labour costs. The company estimates that 20600 direct labour hours will be used at an average rate of $11.00 per hour. Sheridans fixed manufacturing overhead costs are budgeted at $90700 for the year. The companys budgeted manufacturing overhead for the year is

$317300.

$226600.

$204000.

$113300.