Budgeted Product Cost Sheet New Harbour Candy Company makes and sells two kinds of candy bars: chocolate almond and coconut. During the past several years, the company has kept accurate records of costs and resource requirements and has determined that the following are needed to make the candy bars:

Required:
1. Establish the budgeted product cost sheet for each type of candy bar.
2. If New Harbour management wants to mark up each box of candy 30% to cover other costs and earn a profit, how much should be charged for a box of each type of candy bar?

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One Box of 24 Chocolate Almond Bars Chocolate (1/2 pounds) Almonds (1 pound)... Sugar (2 pounds) Direct labor (20 minutes) Manufacturing overhead (20 minutes) Cost $2.00/pound $6.00/pound $0.75/pound $12.00/hour $6.00/direct labor hour