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Sampson Company provided the following budgeted information for the month of May:
Sales $64,500
Direct materials cost $32,900
Direct labor cost $16,300
Manufacturing overhead cost $8,400
Operating expenses $5,200
Question 1: Assuming an income tax rate of 30%, how much is budgeted net income for May?
Option 1: $4,830
Option 2: $510
Option 3: $1,190
Option 4: $1,700
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