The manufacturing overhead budget at Franklyn Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 4,400 direct labor-hours will be required in January. The variable overhead rate is $1.30 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $60,280 per month, which includes depreciation of $17,160. All other fixed manufacturing overhead costs represent current cash flows. The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:

A) $5,720
B) $43,120
C) $48,840
D) $66,000

First, we need to calculate the total manufacturing overhead cost:

Total Manufacturing Overhead = Variable Overhead + Fixed Overhead
Total Manufacturing Overhead = ($1.30/direct labor-hour x 4,400 direct labor-hours) + $60,280
Total Manufacturing Overhead = $5,720 + $60,280
Total Manufacturing Overhead = $66,000

Next, we need to determine the cash disbursements for January. We know that the depreciation amount of $17,160 is a non-cash expense and can be excluded from the cash disbursements. Therefore:

Cash Disbursements for Manufacturing Overhead = Variable Overhead + Fixed Overhead (excluding depreciation)
Cash Disbursements for Manufacturing Overhead = ($1.30/direct labor-hour x 4,400 direct labor-hours) + ($60,280 - $17,160)
Cash Disbursements for Manufacturing Overhead = $5,720 + $43,120
Cash Disbursements for Manufacturing Overhead = $48,840

Therefore, the answer is C) $48,840.