Answer question 3.

consultant to install a standard costing system. To help the consultant establish the necessary standards, Edward sent her the following memo: To: Diana Craig, Certified Management Accountant From: Edward Golding, President, Crunchy Chips Subject: Description and Data Relating to the Production of Our Plain Potato Chips Date: September 28,202 continue on the conveyor belt to a bagging machine that bags them in 1-pound bags. After bagging, the bags are placed in a box and shipped. The box holds 15 bags. this reflected in the price standard relating to potatoes. The hourly labor rates agreed upon with the union are: / for each input. Since a standard costing system provides more information, control is enhanced. For example, since managers have the most control over usage of inputs, Feedback wheck My Work Select the term that completes the sentences based on your knowledge of standard costing systems. 3. Develop a standard cost sheet for Crunchy Chips' plain potato chips. Round all computations to four decimal places. Feedback wheck My Work The standard cost sheet provides the production data needed to calculate the standard unit cost. as a positive number and select Favorable or Unfavorable