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The Covey Corporation is preparing its Manufacturing Overhead Budget for the fourth quarter of the year. The budgeted variable manufacturing overhead rate is $4.00 per

The Covey Corporation is preparing its Manufacturing Overhead Budget for the fourth quarter of the year. The budgeted variable manufacturing overhead rate is $4.00 per direct labor-hour; the budgeted fixed manufacturing overhead is $64,000 per month, of which $18,000 is factory depreciation.

If the budgeted direct labor time for October is 8,000 hours, then the total budgeted manufacturing overhead for October is:

A. $96,000

B. $78,000

C. $64,000

D. $76,000

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