Exercise 22-1 Sustainability and selling expense budget LO P1 MM CO, predicts sales of $50,000 for May, MM Co. pays a sales manager a monthly salary of $4,900 plus a commission of 6% of sales dollars. MM's production manager recently found a way to reduce the amount of packaging MM uses. As a result, MM's product will receive better placement on store shelves and thus May sales are predicted to increase by 8%. In addition, MM's shipping costs are predicted to decrease from 4% of sales to 3% of sales. Compute (1) budgeted sales and (2) budgeted selling expenses for May assuming MM switches to this more sustainable packaging Budgeted sales Budgeted selling expenser