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Please give all the detail work of operations. thanks Neptune Coftee purchases green collee beans from various suppliers and then roasts the cofee beans in
Please give all the detail work of operations. thanks
Neptune Coftee purchases green collee beans from various suppliers and then roasts the cofee beans in its roasting facility. 1(Click the icon to view the manufacturing information.) Read the requirements. Requirement 1. What is the standard cost of producng one 25 pound case of roasted coflee 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 25-pound case of roasted coffee beans. (Round your answers to the nearest cent Standard quantity Standard price Standard cost of input Direct materials pounds per pound Requirements More Info 1. What is the standard cost of producing one 25-pound case of roasted coffee beans? What is the standard gross profit per 25-pound case of roasted coffee beans? How often should the company reassess standard quantitles and standard prices for inputs? The roasted beans are sold in 25-pound cases to grocery stores and restaurants for $80 per case. Each case of roasted coflee beans requires 20 pounds of unroasted green beans, including freight-in and purchase discounts, for S3.50 per pound. Each case of roasted coffee beans requires 0.10 hours of direct labor in the production process. Direct laborers are paid $17 per hour, which includes payroll taxes and employee benefits. The company uses machine hours to allocate its manufacturing overhead. Each case of roasted coffee beans requires 0.20 machine hours to produce. The company expects to produce 6do,00d cases of roasted coftee beans in the upcoming year. At this production volume, the comipany expecls total 2. 3. Print Done overhead to be $3,000,000 for the year. The company also expects to incur $50,000 of fixed manufacturing overhead per month, or $600.000 Standard quantityxStandard priceStandard cost of input Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead machine hoursx Total Requirement 2. What is the standard gross profit per 25-pound case of roasted coffee beans? (Round your answers to the n The gross profit per 25-b case of roasted coffee is $ Requirement 3. How often should the company reassess standard quantities and standard prices for inputs? pounds hours machine hours X per pound 24 per hour per hour per hourStep by Step Solution
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