Coronado's Bakery makes a variety of home-style cookies for upscale restaurants in the Atlanta metropolitan area. The company's best-selling cookie is the double chocolate almond supreme. Coronado's recipe requires 80 ounces of a commercial cookie mix, 7 ounces of milk chocolate, and 8 ounces of almonds per pound of cookies. The standard direct materials costs are $1.20 per pound of cookie mix, $12.00 per pound of milk chocolate, and $11.00 per pound of almonds. Each pound of cookies requires 2 minutes of direct labor in the mixing department and 3 minutes of direct labor in the baking department. The standard labor rates in those departments are $15.00 per direct labor hour (DLH) and $20.00 per DLH, respectively. Variable overhead is applied at a rate of $36.00 per DLH; fixed overhead is applied at a rate of $42.00 per DLH. Calculate the standard cost for a pound of Coronado's double chocolate almond supreme cookies. (Round answer to 2 decimal places, e.g. 3.51.)

Coronado's Bakery makes a variety of home-style cookies for upscale restaurants in the Atlanta metropolitan area. The company's best-selling cookie is the double chocolate almond supreme. Coronado's recipe requires 80 ounces of a commercial cookie mix, 7 ounces of milk chocolate, and 8 ounces of almonds per pound of cookies. The standard direct materials costs are $1.20 per pound of cookie mix, $12.00 per pound of milk chocolate, and $11.00 per pound of almonds. Each pound of cookies requires 2 minutes of direct labor in the mixing department and 3 minutes of direct labor in the baking department. The standard labor rates in those departments are $15.00 per direct labor hour (DLH) and $20.00 per DLH, respectively. Variable overhead is applied at a rate of $36.00 per DLH; fixed overhead is applied at a rate of $42.00 per DLH. Calculate the standard cost for a pound of Coronado's double chocolate almond supreme cookies. (Round answer to 2 decimal places, e.g. 3.51.)

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Description: Coronado's Bakery makes a variety of home-style cookies for upscale restaurants in the Atlantametropolitan area. The company's best-selling cookie is the double chocolate almond supreme.Coronado's recipe requires 80 ounces of a commercial cookie mix

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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