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

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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 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?