Assume a manufacturing company provides the following information from its master budget for the month of May:

Unit sales $6,800$

Selling price per unit $ $50$

Direct materials cost per unit $ $18$

Direct labor cost per unit $ $15$

Predetermined overheard rate $($based on direct labor dollars$)80\%$

If the company maintains no beginning or ending inventories, what is the budgeted gross margin for May?

Multiple Choice

$$27,200$

$$34,000$

$$6,800$

$$24,000$