XYZ Company is preparing its Manufacturing Overhead budget for the month of March. The budgeted variable manufacturing overhead is $4 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: O a. $59,000 O b: $48,000 O c. $42,500 O d. None of the given answers O e. 53,000