Sound Company reported the following amounts for May, 2008: Direct materials purchased $254,000 Beginning raw materials inventory $12,000 Ending raw materials inventory $7,900 Direct labor incurred $51,000 Actual manufacturing overhead costs $36,800 Beginning work-in-process inventory $15,100 Ending work-in-process inventory $12,000 How much is the cost of direct materials used in production?

If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i. e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant. a. the division's basic earning power ratio is above the average of other firms in its industry. b. the division's total assets turnover ratio is below the average for other firms in its industry. c. the division's debt ratio is above the average for other firms in the industry. d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.