Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. danny's delights is a wholesale bakery. danny make

Danny's Delights is a wholesale bakery. Danny makes a variety of baked goods which he...

80.2K

Verified Solution

Question

Accounting

image
Danny's Delights is a wholesale bakery. Danny makes a variety of baked goods which he sells to restaurants and grocery stores. His best-selling item is a peanut butter cookie. The recipe calls for 1 cup of peanut butter, 1 cup of sugar and 1 egg. Each recipe makes a batch of one dozen cookies. Danny's standard direct materials cost for batch of cookies is $0.9 for peanut butter $0.15 for sugar and $0.1 for an egg. In addition, the cookies are packaged by the dozen in cardboard containers costing $0.25 each. One batch of cookies requires 4 minutes preparation time, 8 minutes of cooking time, and 3 minutes of packaging time. The standard wage rate is $15 per hour. Overhead is applied at 50% of direct labor cost. Calculate the standard cost for a batch (1 dozen) of peanut butter cookies. (Round answers to 2 decimal places, eg. 52.75.) Standard cost for a dozen cookies $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Run a regression analysis on the following bivariate set of data with y as the response...

Biology
1.2K views

3 What is the overall function of this tissue 1 2 To assist in learning...

Physics
1.2K views

Two 1 kg balls move away from each other,one traveling 2 m/s to the right,...

Basic Math
1.2K views

When considering market research the first step is to review recent secondary dat True False

Basic Math
1.2K views

A shark is at -80 feet. It swims up and jumps out of the water...

Basic Math
1.2K views

A lottery game requires that 3 different numbers are picked from 1 to 12. If...

Accounting
1.2K views

Lily Tucker (single) owns and operates a bike shop as a sole proprietorship. In 2018,...

Accounting
1.2K views

PR 7-3A Weighted average cost method with perpetual inventory OBJ. 2, 3 The beginning inventory...

Accounting
1.2K views

Steven purchased 1000 shares of a certain stock for $27,100 (including commissions). He sold the...

Accounting
1.2K views

On March 3rd, 4J Corporation issued 5,000 shares of its $2.00 par common stock for...

Accounting
1.2K views

Vibrant Company had $850.000 of sales in each of three consecutive years 2016-2018, and it...

Accounting
1.2K views

A company has a fiscal year-end of December 31: (1) on October 1, $22,000 was...