Penny, inc. employs a process costing system. direct materials are added at the beginning of the process. here is information about the july activities:
on july 1:
beginning inventories 850 units, 60% complete
direct materials cost $5,000
conversion costs $4,000
during july:
number of units started 15,000
direct materials added $155,000
conversion costs added $83,520
on july 31:
ending inventories 1,600 units, 40% complete
using the fifo method and rounding cost per unit to the nearest whole dollar, the cost of goods completed and transferred out during july was
a. $227,270
b. $236,905
c. $228,200
d. $223,400

Oceanside marine company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. oceanside uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 2 pound per unit; $ 11 per pound direct labor: 2 hours per unit; $ 19 per hour oceanside produced 2 comma 000 units during the quarter. at the end of the quarter, an examination of the direct materials records showed that the company used 7 comma 500 pounds of direct materials and actual total materials costs were $ 98 comma 100. what is the direct materials cost variance? (round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)

Which of these is an example of innovation?

Schuepfer inc. bases its selling and administrative expense budget on budgeted unit sales. the sales budget shows 1,800 units are planned to be sold in march. the variable selling and administrative expense is $4.30 per unit. the budgeted fixed selling and administrative expense is $35,620 per month, which includes depreciation of $2,700 per month. the remainder of the fixed selling and administrative expense represents current cash flows. the cash disbursements for selling and administrative expenses on the march selling and administrative expense budget should be: