am.333. View PoliciesShow Attempt HistoryCurrent Attempt in ProgressBrian Walker manufactures and sells homemade wine, and he wants to develop a standard cost per litre. The following are required forproduction of a 350-litre batch:84.00 litres of grape concentrate at $1.50 per litre47.25 kg of granulated sugar at $0.60 per kilogram112.00 lemons at $0.60 each80.50 yeast tablets at $0.25 each82.25 nutrient tablets at $0.20 each126.00 litres of water at $0.10 per litreBrian estimates that 4% of the grape concentrate is wasted, 10% of the sugar is lost, and 20% of the lemons cannot be used.Calculate the standard cost of the ingredients for one litre of wine. (Round intermediate calculations and final answer to 3 decimal places,eg. 1.251.)Standard cost of the ingredients for one litre of wine $

Standard cost is the cost which will be incurred during the production of a particular…

Brian estimates that 4% of the grape concentrate is wasted, 10% of the sugar is lost, and 20% of the lemons cannot be used. Calculate the standard cost of the ingredients for one litre of wine. (Round intermediate calculations and final answer to 3 decimal places, eg 1.251) Standard cost of the ingredients for one litre of wine

Brian estimates that 4% of the grape concentrate is wasted, 10% of the sugar is lost, and 20% of the lemons cannot be used. Calculate the standard cost of the ingredients for one litre of wine. (Round intermediate calculations and final answer to 3 decimal places, eg 1.251) Standard cost of the ingredients for one litre of wine

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter16: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 25E

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View Policies Current Attempt in Progress Sheridan Company sells two types of computer hard drives. The sales mix is 30% (Q-Drive) and 70% (Q-Drive Plus) based upon quantity of units sold. Q-Drive has a unit variable cost of $120 and a selling price of $210. Q-Drive Plus has a unit variable cost of $100 and a selling price of $180. The weighted-average unit contribution margin for Sheridan is O $87. O $105. O $210. O $83. Save for Later Attempts: 0 of 1 used Submit Answer
Problems 1. Use the following standard cost card for 1 gallon of ice cream to answer the questions. Product: Gallon of Ice Cream Manufacturing Costs Direct Materials Cream Sugar Direct Labor Total Direct Costs K Standard Cost Card Standard Quantity 5 quarts 16 ounces 3 minutes x Standard Cost per Unit $1.15 per quart $.08 per ounce $36.00 per hour Actual direct costs incurred to make 50 gallons of ice cream: • 275 quarts of cream at $1.05 per quart • 832 ounces of sugar at $0.075 per ounce • 165 minutes of labor at $37 per hour All material used was bought during the current period. = Cost Summary $5.75 $1.28 $1.80 $8.83 a. Compute the material price, quantity and total variances. b. Compute the labor price quantity, and total variances. What are possible causes of the material and labor variances with respect to the company?
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