Question: PLEASE SHOW ALL WORK. ALL THE FORMULAS TO GET THE ANSWERS. Java Source, Inc Java Source, Inc. (JSI), is a processor and distributor of a



PLEASE SHOW ALL WORK. ALL THE FORMULAS TO GET THE ANSWERS.
Java Source, Inc Java Source, Inc. (JSI), is a processor and distributor of a variety of blends of coffee. The company buys coffee beans from around the world and roasts, blends, and packages them for resale. JSI offers a large variety of different coffees that it sells to gourmet shops in one-pound bags. The major cost of the coffee is raw materials. However, the company's predominantly automated roasting, blending, and packing processes require a substantial amount of manufacturing overhead. The company uses relatively little direct labor Some of JSI's coffees are very popular and sell in large volumes, while a few of the newer blends sell in very low volumes. JSI prices its coffees at manufacturing cost plus a markup of 25%, with some adjustments made to keep the company's prices competitive For the coming year, JSI's budget includes estimated manufacturing overhead cost of $2,200,000. JSI assigns manufacturing overhead to products on the basis of direct labor-hours. The expected direct labor cost totals $600,000, which represents 50,000 hours of direct labor time. Based on the sales budget and expected raw materials costs, the company will purchase and use $5,000,000 of raw materials (mostly coffee beans) during the year The expected costs for direct materials and direct labor for one-pound bags of two of the companys coffee products appear below Kenya Dark Viet Select Direct materials S4.50 $2.90 Direct labor (0.02 hours per bag) S0.24 0.24
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