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4 (Chapter 5) i Coffee Bean Incorporated (CBI) processes and distributes high-quality coffee. CBI buys coffee beans from around the world and roasts, blends, and

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4 (Chapter 5) i Coffee Bean Incorporated (CBI) processes and distributes high-quality coffee. CBI buys coffee beans from around the world and roasts, blends, and packages them for resale. Currently, the firm offers 2 coffees to gourmet shops in 1-pound bags. The major cost is direct materials, however, a substantial amount of factory overhead is incurred in the predominantly automated roasting and packing process. The company uses relatively little direct labor. CBI prices its coffee at full product cost, including allocated overhead. plus a markup of 30%. If its prices are significantly higher than the market. CBI lowers its prices. The company competes primarily on the quality of its products, but customers are price conscious as well Data for the current budget include factory overhead of $4,469.165, which has been allocated on the basis of each product's direct labor cost. The budgeted direct labor cost for the current year totals $600,000. The firm budgeted $6,000.000 for purchase and use of direct materials (mostly coffee beans). The budgeted direct costs for 1-pound bags are as follows: Mona Loa Malaysian Direct materials $ 4.20 $ 3.20 Direct labor 0.30 9.30 CBI's controller, Mona Clin. believes that its current product costing system could be providing misleading cost information. She has developed this analysis of the current year's budgeted factory overhead costs: Budgeted Driver Activity Cost Driver Consumption Budgeted Cost Purchasing Purchase orders 1, 251 $ 638, 010 Materials handling Setups 1,854 1, 019, 708 Quality control Batches 842 202, 089 Roasting Roasting hours 108,593 1, 628, 895 Blending Blending hours 28, 224 564, 480 Packaging Packaging hours 20, 890 416, 808 Total factory overhead cost $ 4, 469, 165 Data regarding the current year's production for the Mona Loa and Malaysian lines follow. There is no beginning or ending direct materials inventory for either of these coffees. Mona Loa Malaysian Budgeted sales 109, 080 pounds 2,080 pounds Batch size 10, 090 pounds 508 pounds Setups 3 per batch 3 per batch Purchase order size 25, 090 pounds 508 pounds Roasting time 1 hour per 108 pounds 1 hour per 103 pounds Blending time B.5 hour per 108 pounds 0.5 hour per 180 pounds Packaging time 8.1 hour per 103 pounds 0. 1 hour per 160 pounds Coffee Bean has total practical capacity as noted in the table below. i.e. processing 1.800 purchase orders, 2,000 setups. etc. These are the levels of activity work that are sustainable. Practical Activity Capacity Purchasing 1, 808 Materials handling 2,608 Quality control 1, 708 Roasting 170, 080 Blending 34, 090 Packaging 40, 800 Required: 1. Determine the activity rates based on practical capacity and the cost of idle capacity for each activity. (Round "Usage %" and

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