Income taxes are withheld from the employee's paycheck

Select the items that characterize organizations. (Select all that apply)

A. main goal is to earn a profit B. develops goods, services, or ideas C. consists of people who share a common mission D. strives to create value for its customers

Lewis Marine Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor Lewis 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: 4 pounds per unit; $6 per pound Direct labor: 4 hours per unit; $17 per hour During the first quarter, Lewis produced 4,000 units of this product. Actual direct materials and direct labor costs were $66,000 and $328,000, respectively. For the purpose of preparing the flexible budget, what is the total standard direct labor cost at a production volume of 4,000 units? A) $68,000 B) $66,000 C) $272,000 D) $328,000