xKLM Company makes and sells umbrellas. The company is in the process of preparing its Selling and Administrative Expense Budget for the last half of the year. The following budget data are available: Unit Variable Cost Monthly Fixed Cost Sales commissions $0.80 $6,000 Shipping 1.20 Advertising 0.50 Executive salaries 20,000 Depreciation on office equipment 8,000 Other 0.4 15,000 Expenses are paid in the month incurred. If the company has budgeted sales of 10,000 umbrellas in May, what are the total budgeted selling and administrative expenses for May? KLM Company makes and sells umbrellas. The company is in the process of preparing its Selling and Administrative Expense Budget for the last half of the year. The following budget data are available: Unit Variable Cost Monthly Fixed Cost Sales commissions $0.80 $6,000 Shipping 1.20 Advertising 0.50 Executive salaries 20,000 Depreciation on office equipment 8,000 Other 0.4 15,000 Expenses are paid in the month incurred. If the company has budgeted sales of 10,000 umbrellas in May, what are the total budgeted selling and administrative expenses for May? $49,000 $72,000 $78,000 None $74,000