Assume a manufacturing company provides the following information from its master budget for the month of May: $ Unit sales Selling price per unit Direct materials cost per unit Direct labor cost per unit Predetermined over heard rate (based on direct labor dollars) $ $ 6,500 38 13 10 80% If the company maintains no beginning or ending inventories, what is the budgeted gross margin for May? Multiple Choice $45,500 $6,500 O $35,500 $39,000