Artisan Coffee purchases green coffee beans from various suppliers and then roasts the coffee beans in its roasting facility.

$($Click the icon to view the manufacturing information.$)$

Read the requirements.

Requirement $1.$ What is the standard cost of producing one $15-$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 $15-$pound case of roasted coffee

beans. $($Round your answers to the nearest cent.$)$

Requirements

What is the standard cost of producing one $15-$pound case of roasted

coffee beans?

What is the standard gross profit per $15-$pound case of roasted coffee beans?

How often should the company reassess standard quantities and standard

prices for inputs?