In year 1, costello company performed work for a customer and billed the customer $12,000. in year 2, the customer pays costello company for the services it rendered in year 1. in year 1, the company incurred $4,000 of wage expense, but it did not pay the employees until year 2. if costello company uses the accrual-basis of accounting, then it will report

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.)

Asap describe three different expenses associated with restaurants. choose one of these expenses, and discuss how a manager could handle this expense.

One pound of material is required for each finished unit. the inventory of materials at the end of each month should equal 20% of the following month's production needs. purchases of raw materials for february would be budgeted to be: