6 Assume a manufacturing company provides the following information from its master budget for the month of May: Unit sales Selling price per unit 7,100 $ 50 Direct materials cost per unit $ 18 23 Direct labor cost per unit $ 16 Predetermined overheard rate (based on direct labor dollars) 75% If the company maintains no beginning or ending inventories, what is the budgeted gross margin for May? Multiple Choice $21,300 $28,400 $7,100 $18,400