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Star Street Coffee purchases green coffee beans from various suppliers and then roasts the coffee beans in its roasting facility. i (Click the icon

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Star Street Coffee purchases green coffee beans from various suppliers and then roasts the coffee beans in its roasting facility. i (Click the icon to view the manufacturing information.) 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 total standard cost of producing one 15-pound case of roasted coffee beans. (Round your answers to the nearest cent.) Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total pounds per pound hours per hour = machine hours x per hour machine hours x per hour Standard cost of input Requirement 2. What is the standard gross profit per 15-pound case of roasted coffee beans? (Round your answers to the nearest cent.)

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