Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (3,740 bars) are as follows: Ingredient Quantity Price Сосоа 570 Ibs. $0.40 per Ib. Sugar 180 Ibs. $0.60 per Ib. Milk 150 gal. $1.50 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. per bar
Q: Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars…
A: Formulas: Standard material cost per bar= Total cost / Number of quantities in a batch
Q: Almond Treats manufactures various types of cereals that feature almonds. Acme Cereal Company has…
A: The disparity between the costs of two different decisions is referred to as differential cost. When…
Q: Kappa Co. produces Omega, an animal feed made by mixing and heating three ingredients: Alpha, Beta,…
A:
Q: Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup…
A: Standard unit material cost is determined by multiplying standard quantity and standard price per…
Q: Standard Direct Materials Cost per Unit Crazy Delicious Inc. produces chocolate bars. The primary…
A: Standard Cost: Standard cost is the estimated cost of a process, resource, or item that is used in…
Q: Use the following standard cost and actual information to calculate the cost of 1 gallon of ice…
A: The difference between the actual and expected labor costs is measured by the labor rate variance.…
Q: Standard Direct Materials Cost per Unit Crazy Delicious Inc. produces chocolate bars. The primary…
A: Cost per Bar = Total Cost / Number of Bars Total Cost = Quantity of each Ingredient * Price of each…
Q: Stinehelfer Beet Processors, Inc., processes sugar beets in batches. A batch of sugar beets costs…
A: In this question, we have been given some data related to the manufacturing and further processing…
Q: Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup…
A: 1 Standard data is calculated by considering budgeted data and using actual data. 2 Variance…
Q: Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct…
A:
Q: Standard Direct Materials Cost per Unit Roanoke Company produces chocolate bars. The primary…
A: Direct materials cost: Manufacturing products arise with raw materials that are altered into…
Q: Almond Treats manufactures various types of cereals that feature almonds. Acme Cereal Company has…
A: Here fixed overhead is not takes as it is sunk cost and irrelevant for decision making
Q: Standard Direct Materials Cost per Unit Billingsly Company produces chocolate bars. The primary…
A: Cost per Bar of Chocolate = Total Cost of Batch / No. of Bars
Q: Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are…
A: The total cost of direct materials would be calculated as sum of costs for cocoa, sugar and milk.…
Q: Almond Treats manufactures various types of cereals that feature almonds. Acme Cereal Company has…
A: Only variable costs which are relevant for decision making should be considered.
Q: Zoro Chemical Company manufactures a wide variety of chemical compounds and liquids for industrial…
A: Solution:- Calculation of Zoro's mix variance as follows:- Introduction:- The following formula…
Q: Almond Treats manufactures various types of cereals that feature almonds. Acme Cereal Company has…
A: Buy cost / Purchase cost = $ 24252
Q: Standard Direct Materials Cost per Unit Crazy Delicious Inc. produces chocolate bars. The primary…
A: Introduction: Direct materials are the fundamental components of produced goods. Businesses track…
Q: Standard Direct Materials Cost per Unit Roanoke Company produces chocolate bars. The primary…
A: Standard cost = Quantity x Price
Q: Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct…
A: Variable cost is the cost that varies with the change in the level of production.
Q: atoro Chemical Company manufactures a wide variety of chemical compounds and liquids for industrial…
A: Direct material yield variance is the difference between the standard cost of the standard usage of…
Q: Sugar beets are batch-processed at Kosakowski Corporation. Farmers charge $66 for a batch of sugar…
A: The object being sold is referred to as a product. A service or an object both qualify as products.…
Q: Stinehelfer Beet Processors, Inc., processes sugar beets in batches. A batch of sugar beets costs…
A: Sometimes two or more products of almost equal importance are produced together from the same raw…
Q: Almond Treats manufactures various types of cereals that feature almonds. Acme Cereal Company has…
A: Differential Cost: It is the difference between the cost of two alternative decisions.
Q: Standard Direct Materials Cost per Unit Crazy Delicious Inc. produces chocolate bars. The primary…
A: Direct Materials: Direct materials are those items that are directly consumed for the manufacturing…
Q: Almond Treats manufactures various types of cereals that feature almonds. Acme Cereal Company has…
A: Differential cost is the difference in cost between two decision alternatives.
Q: Hennessey Company produces 12-ounce cans of mixed pecans and cashews. Standard and actual…
A: Material cost variance= Standard Cost variance- Actual cost variance If the Standard cost is less…
Q: Use the following standard cost and actual information to calculate the cost of 1 gallon of ice…
A: Cost accounting is the method used by manufacturing businesses to understand the cost incurred in…
Q: FOOD Industries employs a standard cost system. FOOD has established the following PER UNIT…
A: Solution 1: Actual price of materials = $285,000 / 142500 = $2 per Kg Direct material price variance…
Q: Use the following standard cost and actual information to calculate the cost of 1 gallon of ice…
A:
Q: Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars…
A: Standard cost: In the accounting records, the term standard cost refers to the practice of…
Q: Almond Treats manufactures various types of cereals that feature almonds. Acme Cereal Company has…
A: Variable cost means the cost which vary with the level of output where as fixed cost remain fixed…
Q: Standard Direct Materials Cost per Unit Crazy Delicious Inc. produces chocolate bars. The primary…
A: Formula: Direct materials cost = Direct material standard price x direct material standard quantity…
Q: Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup…
A: a. Determine the standard unit materials cost per pound.
Q: Victoria Chocolates, Ltd., makes premium handcrafted chocolate confections in London. The ownerof…
A:
Q: Using the high-low method, how much is the total cost of producing 130 grams of honey? * The cost…
A: High low method is a method of cost estimation in which costs at highest level and lowest level of…
Q: Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are…
A: Ingredient Quantity Price Total cost Cocoa 570 lbs. $0.30 per lb. $171…
Q: LCC Company produce cereal product. At the beginning of the year, LCC Company had the following…
A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest…
A: Standard direct material cost per unit is the per unit cost of all materials used in the…
Q: Almond Treats manufactures various types of cereals that feature almonds. Acme Cereal Company has…
A: Relevant costs are those that can be avoided. $5,000 in fixed production overheads are unavoidable…
Q: Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are…
A: Direct materials cost per bar = Total cost / total number of units
Q: Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup…
A: a.
Q: Abica Coffee Company produces Columbian coffee in batches of 6,000 pounds. The standard quantity of…
A: Differential analysis of the company: Differential analysis Sell Regular Columbian or…
Q: tandard Direct Materials Cost per Unit Roanoke Company produces chocolate bars. The primary…
A: Standard direct material cost per bar = Total cost / Number of bars
Q: Dakota Coffee Company produces Columbian coffee in batches of 7,500 pounds. The standard quantity of…
A:
Q: Yatoro Chemical Company manufactures a wide variety of chemical compounds and liquids for industrial…
A: Correct option is A. P2,308.80 Yatoro's yield Variance is P2308.80 Material yield Variance: =…
Q: Use the following standard cost card for 1 gallon of ice cream to answer the questions. STANDARD…
A: The practise of reviewing your project's financial results is known as cost variance. The cost…
Q: Standard Direct Materials Cost per Unit Roanoke Company produces chocolate bars. The primary…
A: The goal of establishing standards for direct materials is to keep direct material costs under…
Q: Almond Treats manufactures various types of cereals that feature almonds. Acme Cereal Company has…
A: Make Buy Direct material $13000 Direct labor 5100 Variable overhead 2200 Purchase…
Q: Standard Direct Materials Cost per Unit Billingsly Company produces chocolate bars. The primary…
A: Variance refers to a change between the expected value and the actual result. This term is usually…
Standard Direct Materials Cost per Unit
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Standard Direct Materials Cost per Unit Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (3,350 bars) are as follows: Ingredient Quantity Price Cocoa 480 Ibs. $0.30 per Ib. Sugar 150 Ibs. $0.60 per Ib. Milk 120 gal. $1.40 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. per barStandard Direct Materials Cost per Unit Billingsly Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (7,100 bars) are as follows: Ingredient Quantity Price Cocoa 600 Ibs. $1.25 per Ib. Sugar 120 Ibs. $0.50 per Ib. Milk 180 gal. $2.60 per gal. Determine the standard direct materials cost per bar of chocolate. Round to two decimal places. $ per barStandard Direct Materials Cost per Unit Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (2,600 bars) are as follows: Ingredient Quantity Price Cocoa 480 Ibs. $0.30 per Ib. Sugar 150 Ibs. $0.60 per Ib. Milk 120 gal. $1.30 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. per bar
- Standard Direct Materials Cost per Unit Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (1,120 bars) are as follows: Ingredient Quantity Price Cocoa 390 lbs. $0.40 per lb. Sugar 120 lbs. $0.60 per lb. Milk 90 gal. $1.20 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent.Standard Direct Materials Cost per Unit Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (2,471 bars) are as follows: Ingredient Cocoa Sugar Milk Quantity 570 lbs. 180 lbs. 150 gal. tA Price $0.30 per lb. $0.60 per lb. $1.60 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. per barStandard Direct Materials Cost per Unit Billingsly Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (7,100 bars) are as follows: Ingredient Quantity PriceCocoa 600 lbs. $1.25 per lb.Sugar 120 lbs. $0.50 per lb.Milk 180 gal. $2.60 per gal. Determine the standard direct materials cost per bar of chocolate. Round to two decimal places.
- Standard Direct Materials Cost per Unit Truly Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (1,950 bars) are as follows: Ingredient Quantity Price Cocoa 630 lbs. $0.40 per lb. Sugar 180 lbs. $0.60 per lb. Milk 150 gal. $1.50 per gal. Determine the standard direct materials cost per bar of chocolate. Round to two decimal places.fill in the blank 1 of 1$ per barStandard Direct Materials Cost per Unit Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (1,840 bars) are as follows: Ingredient Quantity Price Cocoa 660 lbs. $0.40 per lb. Sugar 180 lbs. $0.60 per lb. Milk 150 gal. $1.20 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent.$fill in the blank 1per barStandard Direct Materials Cost per Unit Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (1,730 bars) are as follows: Ingredient Quantity Price Cocoa 570 lbs. $0.30 per lb. Sugar 180 lbs. $0.60 per lb. Milk 150 gal. $1.60 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent.
- Standard Direct Materials Cost per Unit Truly Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (5,000 bars) are as follows: Ingredient Quantity Price Cocoa 500 lbs. $1.04 per lb. Sugar 100 lbs. $0.60 per lb. Milk 200 gal. $0.85 per gal. Determine the standard direct materials cost per bar of chocolate. Round to two decimal places.v2.cengagenow.com Standard Direct Materials Cost per Unit Truly Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (1,810 bars) are as follows: Ingredient Price Cocoa Sugar Milk Quantity 600 lbs. $0.30 per lb. 180 lbs. $0.60 per lb. 150 gal. $1.70 per gal. Determine the standard direct materials cost per bar of chocolate. Round to two decimal places. X per bar Feedback Check My Work Remember the process discussed in chapter for calculating standard direct materials cost per unit.Use the following standard cost and actual information to calculate the cost of 1 gallon of ice cream to answer the questions below. Product: Gallon of Ice Cream Manufacturing Cost Information Standard Standard Cost Cost per Unit $1.00 per quart $38.00 per hour Quantity Summary $6.00 $1.90 $7.90 Direct Materials 6 quarts Direct Labor 3 minutes Total Direct Costs Actual costs incurred to make 50 gallons of ice cream: • 275 quarts of cream at $1.05 per gallon • 165 minutes of labor at $37.00 per hour (60 minutes = 1 hour) (a) Calculate the material price variance