Question: Form a group with two or three other students. Develop a standard cost sheet for Crunchy Chips' plain potato chips. Round all computations to four

Form a group with two or three other students. Develop a standard cost sheet for Crunchy Chips' plain potato chips. Round all computations to four decimal places.

Crunchy Chips

Standard Cost Sheet

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Line Item Description Cost Cost

Direct materials:

Potatoes $Potatoes

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Cooking oil Cooking oil

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Bags Bags

blank

Boxes Boxes

$Boxes

Direct labor: blank blank

Potato inspection $Potato inspection

blank

Chip inspection Chip inspection

blank

Frying monitor Frying monitor

blank

Boxing Boxing

blank

Machine operators Machine operators

$Machine operators

Variable overhead blank Variable overhead

Fixed overhead blank Fixed overhead

Direct materials blank Direct materials

Cost per box blank $Cost per box

Cost per bag blank $Cost per bag

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