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elena-s [515]
3 years ago
13

Bramble's Bakery makes a variety of home-style cookies for upscale restaurants in the Atlanta metropolitan area. The company's b

est-selling cookie is the double chocolate almond supreme. Bramble's recipe requires 10 ounces of a commercial cookie mix, 5 ounces of milk chocolate, and 1 ounce of almonds per pound of cookies. The standard direct materials costs are $0.80 per pound of cookie mix, $6 per pound of milk chocolate, and $18 per pound of almonds. Each pound of cookies requires 1 minute of direct labor in the mixing department and 7 minutes of direct labor in the baking department. The standard labor rates in those departments are $12.70 per direct labor hour (DLH) and $19 per DLH, respectively. Variable overhead is applied at a rate of $35.80 per DLH; fixed overhead is applied at a rate of $60 per DLH.
Calculate the standard cost for a pound of Bramble's Bakery double chocolate almond supreme cookies.
Business
1 answer:
jolli1 [7]3 years ago
8 0

Answer:

$15.51 per Double chocolate almond supreme

Explanation:

Calculate the standard cost for a pound of Mama Fran's double chocolate almond supreme cookies.

1. Standard Material Cost (Ratio Denominator = 10 +  5  + 1 = 16)

Std. Mat Cost = 10 Ounces /16  * $0.80   +   5 Ounces /16* $6  + 1/16* $18

Standard Material Cost = $3.5 per Double chocolate almond supreme

2. Standard Direct Labor Cost

Std. Labor Cost = 1 /60 Hours * $12.7 per Hour + 7/60 Hour * $19 per Hour

Std. Labor Cost = $2.4283 per Double chocolate almond supreme

3. Standard Variable Overhead Cost

Std. Variable OH. Cost = 6/60 Hours * $35.8

Standard Variable overhead cost = $3.58 per Double chocolate almond supreme

4. Standard Fixed Overhead Cost

Std. Fixed Overhead per cake = 6/60 Hours * $60 per Hour

Standard Fixed overhead cost = $6 per Double chocolate almond supreme

Now Standard cost for a pound is calculated as under:

Standard cost for a pound = 2.9375 + 2.4617 + 3.70 + 6

Standard cost for a pound = $15.51 per Double chocolate almond supreme

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A bank loaned out ​$19 comma 00019,000​, part of it at the rate of 7 %7% per year and the rest at 15 %15% per year. If the inter
Alla [95]

Answer:

Explanation:

Let x be the amount loaned at 7% and ($19,000 - x) be the amount loaned at 15%

Given:

Interest incurred at 7%, I1 + Interest incurred at 15%, I2 = $2000

Interest, I = amount × rate

I1 = 7/100 × x

I2 = 15/100 × ($19,000 - x)

From the above expressions,

(0.07)x + (0.15) × ($19,000 - x) = $2,000

Solving for x,

0.07x + 2850 - 0.15x = 2000

Collecting like terms,

0.08x = 850

x = $10625

The amount loaned at 7% interest is

$10625

The amount loaned at 15% interest is ($19000 - $10625)

= $8375

6 0
3 years ago
Terms of trade Suppose that Greece and Germany both produce oil and stained glass. Greece's opportunity cost of producing a pane
Pepsi [2]

Answer:

Greece has a comparative advantage in the production of stained glass.

Germany has a comparative advantage in the production of oil.

Greece can gain from specialization and trade as long as it receives more than 4 barrels of oil.

Germany can gain from trade as long as it receives more than 0.1 pane of stained glass.

Trade price in this situation will be 8 barrels of oil per pane of stained glass and 6 barrels of oil per pane of stained glass.

Explanation:

Greece and Germany both produce oil and stained glass.

Greece's opportunity cost of producing a pane of stained glass

= 4 barrels of oil

Germany's opportunity cost of producing a pane of stained glass

= 10 barrels of oil

Greece has a comparative advantage in the production of stained glass as it has lower opportunity cost.

Greece's opportunity cost of producing a barrel of oil

= \frac{1}{4}

= 0.25 pane of stained glass

Germany's opportunity cost of producing a barrel of oil

= \frac{1}{10}

= 0.1 pane of stained glass

Germany has a comparative advantage in the production of oil as it has lower opportunity cost.

Greece can gain from specialization and trade as long as it receives more than 4 barrels of oil. Germany can gain from trade as long as it receives more than 0.1 pane of stained glass.

Both the countries will gain from trade if the trade price lies between their opportunity cost. So trade price in this situation will be 8 barrels of oil per pane of stained glass and 6 barrels of oil per pane of stained glass.

4 0
3 years ago
When the "invisible hand" guides economic activity, prices of products reflect______________.
FinnZ [79.3K]

Answer:

b) both the values that society places on those products and the costs to society of producing those products 

Explanation:

When the "invisible hand" guides economic activity, prices are known as equilibrium prices.

Equilibrium price is found where the demand curve intersects with the supply curve .

Equilibrium price is the price where both the value that society places on those products and the costs to society of producing those products are equal.

I hope my answer helps you

7 0
3 years ago
1) Suppose that papers for a newspaper stand cost $0.40 and sell for $0.80. They currently have no salvage value. If the stand o
lys-0071 [83]

Answer:

C) .07

Explanation:

Current cost of newspaper = C

                                             = $0.40 / units

Current price of newspaper = P

                                               = $0.80 / UNIT

Current salvage value = S = 0

Cost of under ordering = Cu

                                       = P – C

                                       = $40

Cost of over ordering = C – S

                                    = $0.40

Critical ratio = Cu/ ( Cu + Co )

                    = 0.4 / ( 0.4 + 0.4)

                    = 0.5

Since critical ratio defines the probability of optimum demand ,

We can consider service level ( %) = Critical ratio x 100  

Current service level = 50 %

When the salvage value = $0.1 ,

Cost of under ordering = Cu

                                       = P – C

                                       = $40

Cost of over ordering = C – S

                                    = $0.40 - $0.1

                                    = $0.30

Critical ratio = Cu/ ( Cu + Co )

                     = 0.4 / ( 0.4 + 0.3)

                     = 0.4/0. 7

                     = 0.5714

The revised service level = 0.5714 x 100 = 57.14 %

Therefore, The increase in service level is 0.07.

4 0
3 years ago
Craig, one of the senior managers at Clayton Inc., insisted that company supervisors handle employee relations as part of their
Alekssandra [29.7K]

Answer:

The supervisors represent the company on a day-to-day basis.

Explanation:

Craig said that the supervisors take employee relations as part of their jobs.

The option that buttresses this is that supervisors represent the company on a day-to-day basis. Meaning the supervisors as owners of the company, and as if they have a stake. Supervisors taking ownership presupposes they perform tasks like handling employee relations to ensure the business and the employee work harmoniously.

5 0
3 years ago
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