XYZ Company is preparing its Manufacturing Overhead budget for the month of March. The budgeted variable manufacturing overhead is $5 per direct labor-hour. The budgeted fixed manufacturing overhead...

XYZ Company is preparing its Manufacturing Overhead budget for the month of March. The budgeted variable manufacturing overhead is $5 per direct labor-hour. The budgeted fixed manufacturing overhead is $31,000 per month, which includes $5,000 of noncash costs (primarily depreciation of plant assets). If the budgeted direct labor-hours for March is 5,500. How much is the March’s budgeted cash disbursements for manufacturing overhead?

Select one:

a. $59,000

b. $64,500

c. $58,500

d. $53,500

e. None of the given answers