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The roasted beans are sold in 10-pound cases to grocery stores and...

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Accounting

The roasted beans are sold in 10-pound cases to grocery stores and restaurants for $ 90 per case. Each case of roasted coffee beans requires 15 pounds of unroasted green coffee beans. The company can purchase the green coffee beans, including freight-in and purchase discounts, for $ 5.00 per pound. Each case of roasted coffee beans requires 0.25 hours of direct labor in the production process. Direct laborers are paid $ 18 per hour, which includes payroll taxes and employee benefits. The company uses machine hours to allocate its manufacturing overhead. Each case of roasted coffee beans requires 0.20 machine hours to produce. The company expects to produce 700 comma 000 cases of roasted coffee beans in the upcoming year. At this production volume, the company expects total variable manufacturing overhead to be $ 4 comma 200 comma 000 for the year. The company also expects to incur $ 35 comma 000 of fixed manufacturing overhead per month, or $ 420 comma 000 for the year.
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