Mountain Air 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 reguiremenk. Requirement 1. What is the standard cost of producing one 20-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 20-pound case of roasted coffee beans. (Round your answers to the nearest cent.) Mountain Air Coffee purchases green coffee beans from various suppliers and then roasts the coffe roasting facility. Requirements 1. What is the standard cost of producing one 20 -pound case of roasted coffee beans? 2. What is the standard gross profit the 20-pound case of roasted coffee beans? 3. How often should the company reassess standard quantities and standard prices for inputs