The correct answer is $123,250. I just don't know how to solve it. Will up vote for your help :)

Assume that a company provided the following information and assumptions from its master budget: Sales budget Unit sales in June, July, and August are 20,000, 18,000, and 17,000, respectively. The selling price per unit is $80. All sales are on account. 20% of sales are collected in the month of sale and 30% are collected in the next month. Production budget: The ending finished goods inventory is always 25% of next month's unit sales. Direct labor budget: The direct labor-hours required per unit is 1.50 hours. The direct labor cost per hour is $18. Manufacturing overhead budget. The variable overhead rate is $2.00 per direct labor-hour, The total fixed manufacturing overhead is $70.000, which includes $12,000 of depreciation. What is the total budgeted manufacturing overhead cost for July? Multiple Choice $123,250