Lawes Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During July, the company budgeted for 5,000 units, but its actual level of activity was 5,050 units. The company has provided the following data concerning the formulas to be used in its budgeting:

	Fixed element per month			Variable element per unit
Revenue		-		$	34.70
Direct labor	$	0		$	6.00
Direct materials		0			13.20
Manufacturing overhead		31,000			1.90
Selling and administrative expenses		20,300			0.10
Total expenses	$	51,300		$	21.20

The selling and administrative expenses in the planning budget for July would be closest to:

$20,500

$20,805

$20,800

$20,705