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ducing one 20-pound case of roasted cotlee beans? cost of input. Then calculate the standard cost of each input. Finally, calculate the totat standard cost of producing ane 20 -pound cast More info The roasted beans are sold in 20 -pound cases to grocery stores and restaurants for $80 per case. Each case of roasted coffee beans requires 20 pounds of unroasted green cotfee beans. The company can purchase the green coflee beans, including freight-in and purchase discounts, for $3.00 per pound. Each case of roasted coffee beans requires 0.50 hours of direct labor in the production process. Direct laborers are paid $19 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 450,000 cases of roasted coffee beans in the upcoming year. At this production wolume, the company expects total variable manufacturing overhead to be $3,600,000 for the year. The company also expects to incur $60,000 of foxed manufacturing overhead per month, or $720,000 for the year. ins from various suppliers and then roasts the coffee beans in its roasting facility. ing information.) of producing one 20-pound case of roasted colfee beans? indard cost of input. Then calculate the standard cost of each input. Finaily, calculale the total standard cost of aroducing one 20 -pound ca More info Requirements 1. What is the standard cost of producing one 20-pound case of roasted coflee beans? 2. What is the standard gross profit per 20-pound case of roasted colfee beans? 3. How often should the company reassess standard quantities and standard prices for inputs? ducing one 20-pound case of roasted cotlee beans? cost of input. Then calculate the standard cost of each input. Finally, calculate the totat standard cost of producing ane 20 -pound cast More info The roasted beans are sold in 20 -pound cases to grocery stores and restaurants for $80 per case. Each case of roasted coffee beans requires 20 pounds of unroasted green cotfee beans. The company can purchase the green coflee beans, including freight-in and purchase discounts, for $3.00 per pound. Each case of roasted coffee beans requires 0.50 hours of direct labor in the production process. Direct laborers are paid $19 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 450,000 cases of roasted coffee beans in the upcoming year. At this production wolume, the company expects total variable manufacturing overhead to be $3,600,000 for the year. The company also expects to incur $60,000 of foxed manufacturing overhead per month, or $720,000 for the year. ins from various suppliers and then roasts the coffee beans in its roasting facility. ing information.) of producing one 20-pound case of roasted colfee beans? indard cost of input. Then calculate the standard cost of each input. Finaily, calculale the total standard cost of aroducing one 20 -pound ca More info Requirements 1. What is the standard cost of producing one 20-pound case of roasted coflee beans? 2. What is the standard gross profit per 20-pound case of roasted colfee beans? 3. How often should the company reassess standard quantities and standard prices for inputs
