Based on the labor hours and the overhead rate as well as the fixed cost, the total budgeted overhead cost will be $12,500.
This can be found as:
= (Variable cost per labor hour x Number of labor hours) + Fixed overhead cost
Solving gives:
= (20 x 600) + 500
= 12,000 + 500
= $12,500
In conclusion, the total overhead cost that would be budgeted is $12,500.
Find out more on budgeted costs at https://brainly.com/question/25406806.