Requiremnt 2 options:

Dropdown

1)Can change, is not likely to change

2) should, should not

3) would, would not

4) Will, will not

5) every time standard prices are checked, unless they change the recipe

6) The recipe changes, the standard prices change, they decide to change the size of the case

7) overhead, standard prices, standard quantities, wage rate

The roasted beans are sold in 25-pound cases to grocery stores and restaurants for $95 per case. Each case of roasted coffee beans requires 20 pounds of unroasted green coffee beans. The company can purchase the green coffee beans, including freight-in and purchase discounts, for $3.50 per pound. Each case of roasted coffee beans requires 0.25 hours of direct labor in the production process. Direct laborers are paid $22 per hour, which irtcludes 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 600,000 cases of roasted coffee beans in the upcoming year. At this production volume, the company expects total variable manufacturing 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 for the year. Print Done Street Coffee purchases green cofee beans from various suppliers and then roasts the cofee beans in its roasting facility Click the icon to view the manufacturing Wormation) Read the recirements Requirement 1. What is the standard cost of producing one 25-pound case of roasted coffee beans? First, select the formula to calculate the standard cost of input. Then calculate the standard cont 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 cost of input Direct materials pounds * Direct labor hours per hour per hour Variable mandaling ved Fored manufacturing thead machine hours machine hours per hour Requirement 2. What is the standard gross profit per 25-pound case of roasted coffee beans? (Round your answers to the nearest cent) Requirement 2. What is the standard gross prolt per 25-pound cause of roasted coffee beans? (Round your answers to the nearest cont.) The gross profit per 25-lb case of roasted coffee Requirements. How he should the company reasses standard quantities and standard prices for inputs? Since the price of coffee beans ohen, the company se standard prices offen In addition, the company need to res price standards finds cheaper suppliers for the ingredients They need to assess at landards for the direct materials The company thout any standard for overhead reassess labor standards the changes Choose from any list or enter any number in the input fields and then continue to the next