Can you explain how to solve this math problem: 44 seniors need to receive awards.  Each senior receives a picture frame that costs $20.  Each picture frame needs to be etched with the logo for an additional 20% cost per frame.  2 of the seniors will also receive pins that are $5.  1/4 of the seniors are officers and they will need to receive cords that are $12 each.  How much will be spent on the senior gifts?