What is the standard cost of producing one 10 -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 10 -pound case of roasted coffee beans.

Question

Business

Piper Arnold

18 January, 00:53

What is the standard cost of producing one 10 -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 10 -pound case of roasted coffee beans.

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Answers (1)

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Aden · Answer 1

The question posted seems to be lacking in giving what the standard costing is in monetary value. However, the formula can be given.

The formula to calculate the standard cost of input:

standard cost of unit (monetary value) multiplied by the standard quantity per unit

For Example:

If the standard cost of unit is $10 then the standard cost of input will be:

$10 x 10 pounds per case

= $100 per case.

Explanation:

To calculate standard cost, you have to understand the definition of standard cost. Standard cost is the estimated cost of production for a business.

Apply the formula given to calculate the the standard cost of input. Once you have that value, you can then calculate the cost of producing a case of roasted coffee beans.