partial credit,E11-17A (similar to) Question Help ArtisanArtisan Coffee purchases green coffee beans from various suppliers and then roasts the coffee beans in its roasting facility. LOADING…

  

partial credit,E11-17A (similar to)
Question Help
ArtisanArtisan
Coffee purchases green coffee beans from various suppliers and then roasts the coffee beans in its roasting facility.
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Requirement 1. What is the standard cost of producing one
1010?-pound
case of roasted coffee? beans?
?First, select the formula to calculate the standard cost of input. Then calculate the standard cost of each input.? Finally, calculate the total standard cost of producing one
1010?-pound
case of roasted coffee beans. ?(Round your answers to the nearest? cent.)
Standard quantity
x
Standard price
=
Standard cost of input
Direct materials
15.00
pounds
x
$1.50
per pound
=
$22.50
Direct labor
0.10
hours
x
$19.00
per hour
=
$1.90
Variable manufacturing overhead
0
machine hours
x
0
per hour
Enter any number in the edit fields and then click Check Answer.
he roasted beans are sold in
1010?-pound
cases to grocery stores and restaurants for
$ 50$50
per case. Each case of roasted coffee beans requires
1515
pounds of unroasted green coffee beans. The company can purchase the green coffee?beans, including? freight-in and purchase? discounts, for
$ 1.50$1.50
per pound. Each case of roasted coffee beans requires
0.100.10
hours of direct labor in the production process. Direct laborers are paid
$ 19$19
per? hour, which includes payroll taxes and employee benefits. The company uses machine hours to allocate its manufacturing overhead. Each case of roasted coffee beans requires
0.300.30
machine hours to produce. The company expects to produce
600 comma 000600,000
cases of roasted coffee beans in the upcoming year. At this production? volume, the company expects total variable manufacturing overhead to be
$ 4 comma 500 comma 000$4,500,000
for the year. The company also expects to incur
$ 60 comma 000$60,000
of fixed manufacturing overhead per? month, or
$ 720 comma 000$720,000
for the year.
5
parts remaining
Clear All
Final Check

What is the standard cost of producing one
1010?-pound
case of roasted coffee?beans?
2.
What is the standard gross profit per
1010?-pound
case of roasted coffee? beans?
3.
How often should the company reassess standard quantities and standard prices for? inputs?

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