Rachel's Bakery makes desserts for local restaurants. Each pan of gourmet brownies requires 500 g flour, 150 ml. chopped pecans, 60 ml. cocoa, 250 g sugar, 125 ml chocolate chips, 3 eggs, and 90 mL oil. Each pan requires 20 minutes of direct labour for mixing, cutting, and packaging. Each pan must bake for 30 minutes. Restaurants purchaser the gourmet brownies by the pan, not by the individual serving. Each pan is currently sold for $11. Standard costs are $2.88 per bag of flour (8 kg in a bag), $12.00 per bag of pecans (1,000 mL per bag), $3.72 per tin of cocoa (750 ml per tin), $2.20 per bag of sugar (6 kg in a bag), $3.60 per bag of chocolate chips (750 mL per bag), $0.96 per dozen eggs, $2.70 per bottle of oil (3 L per bottle), and $0.60 for packaging materials. The standard wage rate is $9 per hour. Rachel allocates bakery overhead at $5.00 per oven hour. Requirements . What is the standard cost per pan of gourmet brownies? 2. What is the standard gross profit per pan of gourmet brownies? =. How often should Rachel reassess her standard quantities and standard prices for inputs?

Rachel's Bakery makes desserts for local restaurants. Each pan of gourmet brownies requires 500 g flour, 150 ml. chopped pecans, 60 ml. cocoa, 250 g sugar, 125 ml chocolate chips, 3 eggs, and 90 mL oil. Each pan requires 20 minutes of direct labour for mixing, cutting, and packaging. Each pan must bake for 30 minutes. Restaurants purchaser the gourmet brownies by the pan, not by the individual serving. Each pan is currently sold for $11. Standard costs are $2.88 per bag of flour (8 kg in a bag), $12.00 per bag of pecans (1,000 mL per bag), $3.72 per tin of cocoa (750 ml per tin), $2.20 per bag of sugar (6 kg in a bag), $3.60 per bag of chocolate chips (750 mL per bag), $0.96 per dozen eggs, $2.70 per bottle of oil (3 L per bottle), and $0.60 for packaging materials. The standard wage rate is $9 per hour. Rachel allocates bakery overhead at $5.00 per oven hour. Requirements . What is the standard cost per pan of gourmet brownies? 2. What is the standard gross profit per pan of gourmet brownies? =. How often should Rachel reassess her standard quantities and standard prices for inputs?

Name: Rachel's Bakery makes desserts for local restaurants. Each pan of gou
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Description: Rachel's Bakery makes desserts for local restaurants. Each pan of gourmet brownies requires 500 g flour, 150 ml.chopped pecans, 60 ml. cocoa, 250 g sugar, 125 ml chocolate chips, 3 eggs, and 90 mL oil. Each pan requires 20minutes of direct labour fo

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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