Question 1.5 4 points The direct labor budget indicates that 1,600 direct labor-hours will be required in December. The variable overhead rate is calculated at $4.40 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $25,120 per month, which includes depreciation of $5,440. All fixed manufacturing overhead costs are paid in the month incurred. The budgeted December cash payments for total manufacturing overhead is: $19,680 o $32,160 $26,720 o $7,040