Red River Farms produces three crop grades: Premium sells at twice standard grade Value grade at half standard grade. If standard is $8/kg and daily harvest was: Premium: 120kg, Standard: 250kg, Value: 180kg Calculate daily revenue.

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter20: Inventory Management: Economic Order Quantity, Jit, And The Theory Of Constraints
Section: Chapter Questions
Problem 8E: Melchar Company uses 78,125 pounds of oats each year. The cost of placing an order is 18, and the...
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Accounting: GIVE DAILY REVENUE

Red River Farms produces three crop grades: Premium
sells at twice standard grade
Value grade at half standard grade. If standard is $8/kg
and daily harvest was:
Premium: 120kg, Standard: 250kg, Value: 180kg
Calculate daily revenue.
Transcribed Image Text:Red River Farms produces three crop grades: Premium sells at twice standard grade Value grade at half standard grade. If standard is $8/kg and daily harvest was: Premium: 120kg, Standard: 250kg, Value: 180kg Calculate daily revenue.
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