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NeptuneNeptune Coffee purchases green coffee beans from various suppliers and then roasts the coffee...

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Question

Accounting

NeptuneNeptune
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
2020-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
2020-pound
case of roasted coffee beans. (Round your answers to the nearest cent.)
Part 2
Part 3
Part 4
Standard quantity
Standard price
=
Standard cost of input
Direct materials
10.00
pounds
$4.50
per pound
=
$45.00
Direct labor
0.50
hours
$16.00
per hour
=
$8.00
Variable manufacturing overhead
0.30
machine hours
$6.00
per hour
=
$1.80

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