Tree Top Coffee purchases green coffee beans from various suppliers and then roasts the coffee beans in its roasting facility.

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Part $1$

Requirement $1.$ What is the standard cost of producing one $10-$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 $10-$pound case of roasted coffee beans. $($Round your answers to the nearest$$ cent.$)$

INFO The roasted beans are sold in $10-$pound cases to grocery stores and restaurants for $ $90$ per case. Each case of roasted coffee beans requires $15$ pounds of unroasted green coffee beans. The company can purchase the green coffee$$ beans, including$$ freight$-$in and purchase$$ discounts, for $ $5\mathrm{.}00$ per pound. Each case of roasted coffee beans requires $0\mathrm{.}25$ hours of direct labor in the production process. Direct laborers are paid $ $18$ per$$ hour, which includes payroll taxes and employee benefits. The company uses machine hours to allocate its manufacturing overhead. Each case of roasted coffee beans requires $0\mathrm{.}20$ machine hours to produce. The company expects to produce $700$ comma $000$ cases of roasted coffee beans in the upcoming year. At this production$$ volume, the company expects total variable manufacturing overhead to be $ $4$ comma $200$ comma $000$ for the year. The company also expects to incur $ $35$ comma $000$ of fixed manufacturing overhead per$$ month, or $ $420$ comma $000$ for the year.

$1.$

What is the standard cost of producing one $10-$pound case of roasted coffee$$ beans?

$2.$

What is the standard gross profit per $10-$pound case of roasted coffee$$ beans?

$3.$

How often should the company reassess standard quantities and standard prices for$$ inputs Tree Top Coffee purchases green coffee beans from various suppliers and then roasts the coffee beans in its roasting facility.

View the manufacturing information.

Bead the reauirements

Requirement $1.$ What is the standard cost of producing one $10-$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 $10-$pound case of roasted coffee beans. $($Round your answers to the nearest cent.$)$