An income statement for the first year of operations for Patti Company appears below: Sales $390,000
Dividend revenue 39,000
Interest revenue 24,050
Cost of goods sold (208,000 )
Salary expense (26,000 )
Depreciation expense (70,200 )
Income tax expense (109,200 )
Net income $39,650

Additional information:

a. Accounts payable, end of year, $13,000.
b. Salaries payable, end of year, $8,450.
c. Inventories, end of year, $26,000.
d. Accounts receivable, end of year, $32,500.

Required:
Use the direct approach to calculate the cash provided (used) by operating activities for Patti Company.

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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.

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