Star Street Coffee purchases green coffee beans from various suppliers and then roasts the coffee beans in its roasting facility. 0 {Click the icon to View the manufacturing information.) Read the Requirement 1. What is the standard cost of producing one 25pound 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 25pound case of roasted coffee beans. (Round your answers to the nearest cent.) x = Standard cost of input X Requirements 1. What is the standard cost of producing one 25-pound case of roasted coffee beans? 2. What is the standard gross profit per 25-pound case of roasted coffee beans? 3. How often should the company reassess standard quantities and standard prices for inputs? Print DoneMore Info The roasted beans are sold in 25-pound cases to grocery stores and restaurants for $00 per case. Each case of roasted coffee beans requires 10 pounds of unroasted green coffee beans. The company can purchase the green coffee beans, including freight-in and purchase discounts, for $4.50 per pound. Each case of roasted coffee beans requires 0.10 hours of direct labor in the production process. Direct laborers are paid $16 per hour, which includes payroll taxes and employee benets. 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 000,000 cases of roasted coffee beans in the upcoming year. At this production volume. the company expects total van'ahle manufacturing overhead to he $3,000,000 for the year. The company also expects to incur $50,000 of xed manufacturing overhead per month, or $500,000 for the year