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Crooked Branch Coffee purchases green coffee beans from various suppliers and then roasts the coffee beans in its roasting facility. (Click the icon to view the manufacturing information.) Read the requirements. More Info Requirement 1. What is the standard cost of producing one 20-pound case of roasted coffee beans? arest First, select the formula to calculate the standard cost of input. Then calculate the standard cost of each input. Finally, calculate the total standard cent.) Standard quantity X Standard price Standard cost of input $ 37.50 Direct materials 25.00 pounds $ 1.50 per pound $ 16.00 per hour Direct labor 0.25 hours 4.00 The roasted beans are sold in 20-pound cases to grocery stores and restaurants for $60 per case. Each case of roasted coffee beans requires 25 pounds of unroasted green coffee beans. The company can purchase the green coffee beans, including freight-in and purchase discounts, for $1.50 per pound. Each case of roasted coffee beans requires 0.25 hours of direct labor in the production process. Direct laborers are paid $16 orers are paid $16 per hour, which includes payroll taxes and employee benefits. The company uses machine hours to allocate its manufacturing overhead. Each case f roasted coffee beans requires 0.40 machine hours to produce. The company expects to produce 750,000 cases of roasted coffee beans in the upcoming year. At this production volume, the company expects total variable manufacturing overhead to be $6,000,000 for the year. The company also expects to incur $50,000 of fixed manufacturing overhead per month, or $600,000 for the year. Variable manufacturing overhead 40 machine hours 60 per hour 15 Print Done Enter any number in the edit fields and then click Check Answer. ? 5 parts Clear All Check Answer remaining