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The Abrams Tank Company is preparing its Manufacturing Overhead budget for the fourth quarter of the year. The budgeted variable factory overhead is $5.40 per

The Abrams Tank Company is preparing its Manufacturing Overhead budget for the fourth quarter of the year. The budgeted variable factory overhead is $5.40 per direct labor-hour; the budgeted fixed factory overhead is $76,600 per month, of which $14,200 is factory depreciation. If the budgeted direct labor time for November is 7,300 hours, then the total budgeted factory overhead for November is:

$101,820

$130,220

$76,600

$116,020

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