Ayton inc. reports in its 2017 annual report 10-k, sales of $8,180 million and cost of goods sold of $3,272 million. for next year, you project that sales will grow by 3% and that cost of goods sold percentage will be 1 percentage point higher. projected cost of goods sold for 2018 will be: select one: a. $3,304 million b. $3,813 million c. $3,454 million d. $3,370 million e. there is not enough information to determine the am

Aquatic marine stores company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. aquatic 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: 3 pounds per unit; $ 6 per pound direct labor: 4 hours per unit; $ 19 per hour during the first quarter, aquatic produced 5 comma 000 units of this product. actual direct materials and direct labor costs were $ 65 comma 000 and $ 330 comma 000, respectively. for the purpose of preparing the flexible budget, calculate the total standard direct materials cost at a production volume of 5 comma 000 units.