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Crane'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. Crane's recipe requires 20 ounces ofa commercial cookie mix, 5 ounces of milk chocolate, and 2 ounces of almonds per batch of cookies. The standard direct materials costs are $1.20 per pound of cookie mix, $4.00 per pound of milk chocolate, and $8.00 per pound of almonds. Each batch of cookies requires 1 minutes of direct labor in the mixing department and 2 minutes of direct labor in the baking department. The standard labor rates in those departments are $12.00 per direct labor hour (DLH) and $18.00 per DLH, respectively. Variable overhead is applied at a rate of $40.00 per DLH; fixed overhead is applied at a rate of $50.00 per DLH. Calculate the standard cost for a batch of Crane's double chocolate almond supreme cookies. (Round answer to 2 decimal places, eg. 3.51.) Standard cost per batch 24

Crane'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. Crane's recipe requires 20 ounces ofa commercial cookie mix, 5 ounces of milk chocolate, and 2 ounces of almonds per batch of cookies. The standard direct materials costs are $1.20 per pound of cookie mix, $4.00 per pound of milk chocolate, and $8.00 per pound of almonds. Each batch of cookies requires 1 minutes of direct labor in the mixing department and 2 minutes of direct labor in the baking department. The standard labor rates in those departments are $12.00 per direct labor hour (DLH) and $18.00 per DLH, respectively. Variable overhead is applied at a rate of $40.00 per DLH; fixed overhead is applied at a rate of $50.00 per DLH. Calculate the standard cost for a batch of Crane's double chocolate almond supreme cookies. (Round answer to 2 decimal places, eg. 3.51.) Standard cost per batch 24

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Crane'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. Crane's recipe requires 20 ounces of a commercial cookie mix, 5 ounces of milk chocolate, and 2 ounces of almonds per batch of cookies. The standard direct materials costs are $1.20 per pound of cookie mix, $4.00 per pound of milk chocolate, and $8.00 per pound of almonds. Each batch of cookies requires 1 minutes of direct labor in the mixing department and 2 minutes of direct labor in the baking department. The standard labor rates in those departments are $12.00 per direct labor hour (DLH) and $18.00 per DLH, respectively. Variable overhead is applied at a rate of $40.00 per DLH; fixed overhead is applied at a rate of $50.00 per DLH. Calculate the standard cost for a batch of Crane's double chocolate almond supreme cookies. (Round answer to 2 decimal places, eg. 3.51.) Standard cost per batch 2$
Transcribed Image Text:Crane'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. Crane's recipe requires 20 ounces of a commercial cookie mix, 5 ounces of milk chocolate, and 2 ounces of almonds per batch of cookies. The standard direct materials costs are $1.20 per pound of cookie mix, $4.00 per pound of milk chocolate, and $8.00 per pound of almonds. Each batch of cookies requires 1 minutes of direct labor in the mixing department and 2 minutes of direct labor in the baking department. The standard labor rates in those departments are $12.00 per direct labor hour (DLH) and $18.00 per DLH, respectively. Variable overhead is applied at a rate of $40.00 per DLH; fixed overhead is applied at a rate of $50.00 per DLH. Calculate the standard cost for a batch of Crane's double chocolate almond supreme cookies. (Round answer to 2 decimal places, eg. 3.51.) Standard cost per batch 2$
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