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Sampson Company provided the following budgeted information for the month of May: Sales $46,500 Direct materials cost $23,300 Direct labor cost $10,300 Manufacturing overhead cost
Sampson Company provided the following budgeted information for the month of May:
Sales | $46,500 |
Direct materials cost | $23,300 |
Direct labor cost | $10,300 |
Manufacturing overhead cost | $6,000 |
Operating expenses | $2,800 |
Assuming an income tax rate of 30%, how much is budgeted net income for May?
$2,870 | ||
$4,830 | ||
$4,100 | ||
$1,230 |
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