The Mason Company produces and expects to sell 10,600 units of its product. Variable selling and administrative expense is $3.70 per unit sold and fixed selling and administrative expense is $50,000 per month. Included in the $50,000 fixed selling and administrative expense is a depreciation of $20,000. The budgeted selling and administrative cash payments for November is:

$69,220.

$39,220.

$39,480.

$89,220.