You are costing recipe ingredients. How much will the following ingredients cost? A recipe requires 2 cups of cheddar cheese. Use the following information: 1 pound of cheese costs $4.75. There are 4 cups of shredded (grated) cheese per pound.
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- You are costing recipe ingredients. How much will the following ingredients cost?
A recipe requires 2 cups of cheddar cheese. Use the following information:
- 1 pound of cheese costs $4.75.
- There are 4 cups of shredded (grated) cheese per pound.
The production budget is prepared to estimate the number of units to be produced during the period.
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- A Large pizza at Brismarcks’s pizzeria cost$6.80 plus $0.90 for each topping.The cost of a large cheese pizza at Carolina’s pizza is $7.30 plus $0.65 for each topping.How many toppings need to be added to a large cheese pizza from brismarcks pizzeria and Carolina pizza for the pizzas to cost the same?Lizbeth, Inc., makes ice cream. The toffee coffee ice cream takes 4 quarts of cream, 3 cups of sugar. 2 tablespoons of toffee flavoring, and 1.5 tablespoons of coffee flavoring per gallon. The standard prices are $2.00 per quart of cream, $0.40 per cup of sugar, $0.50 per tablespoon of toffee flavoring, and $0.75 per tablespoon of coffee flavoring. A. What is the standard material cost for a gallon of toffee coffee ice cream? B. If Lizbeth makes 35 gallons of toffee coffee ice cream, how much of each of the ingredients should she use? C. If Lizbeth uses 105 quarts of cream to make 25 gallons of ice cream, what would be the cream (direct materials) quantity variance? D. If Lizbeth uses 45 tablespoons of toffee flavoring to make 25 gallons of ice cream, what would be the toffee flavoring (direct materials) quantity variance?Berettis Food Mart has 6,000 pounds of raw pork nearing its expiration date. Each pound has a cost of $5.50. The pork could be sold as is for $2.50 per pound to the dog food processing plant, or it could be made into custom Italian sausage and sold in the meat department. The cost of the sausage making is $3.00 per pound and each pound could be sold for $7.50. What should be done with the pork and why?
- Peter’s Grocery is an Italian market that sells imported meats and cheeses. The company is thinking of using a portion of their store space to sell ready-made sandwiches with ingredients from the store. The main components of the sandwiches are 100 grams of salami (meat), 1 slice of provolone (cheese) and one bun. The salami sells for $2 per 100 grams and costs the company $0.75 per 100 grams. Provolone sells for $0.50 per slice and costs the store $0.35 per slice. The buns cost the company $2.40 per dozen to make, and sell for $4.80 per dozen. The company expects it can sell the sandwiches for $4 each. The labour costs associated with making a sandwich are $0.25 and the variable overhead is expected to cost $0.75 per sandwich. Required: Should the company introduce the new sandwich item? Determine the net dollar advantage or disadvantage of selling the sandwich as compared to selling the meat, cheese and bun separately.Chloe’s Cafe bakes croissants that it sells to local restaurants and grocery stores. The average costs to bake the croissants are $0.70 for 2,600 and $0.65 for 5,200, If the total cost function for croissants is linear, what will be the average cost to bake 4,400?H. Banks Company would like to design, produce, and sell versatile toasters for the home kitchen market. The toaster will have four slots that adjust in thickness to accommodate both slim slices of bread and oversized bagels. The target price is $65. Banks requires that new products be priced such that 24% of the price is profit. Required: If required, round your answers to two decimal places. 1. Calculate the amount of desired profit per unit of the new toaster.$fill in the blank 1 2. Calculate the target cost per unit of the new toaster.$fill in the blank 2
- You are serving 4-ounce portions of roasted cauliflower. You purchase cauliflower by the case that contains 9 cauliflowers. Each cauliflower weighs 1 pound 15 ounces. The case costs $30.50. If the yield percent for cauliflower is 60%, then how much would the 4-ounce serving cost?Coronado's Bakery makes a variety of home-style cookies for upscale restaurants in the Atlanta metropolitan area. The company's best-selling cookie is the double chocolate almond supreme. Coronado'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, $4 per pound of milk chocolate, and $12 per pound of almonds. Each pound of cookies requires 1 minute of direct labor in the mixing department and 2 minutes of direct labor in the baking department. The standard labor rates in those departments are $17.60 per direct labor hour (DLH) and $28 per DLH, respectively. Variable overhead is applied at a rate of $34.20 per DLH; fixed overhead is applied at a rate of $60 per DLH.Calculate the standard cost for a pound of Coronado's double chocolate almond supreme cookies. (Round answer to 2 decimal places, e.g. 3.51.) Standard cost per pound $Yum Yum Bake Shop makes birthday chocolate chip cookies that cost $2.00 each to prepare. It is expected that 8% of the cookies will crack and be discarded. If a 55% markup on cost is required and 100 cookies are produced, what should the bake shop charge for each cookie? (Round your answer to the nearest cent.)
- Chloe’s Cafe bakes croissants that it sells to local restaurants and grocery stores. The average costs to bake the croissants are $0.55 for 2,500 and $0.50 for 5,000. If the total cost function for croissants is linear, what will be the average cost to bake 4,200? Do not round intermediate calculations. Round your final answer to 4 decimal places.Beretti’s Food Mart has 6,000 pounds of raw pork nearing its expiration date. Each pound has a cost of $5.50. The pork could be sold “as is” for $2.50 per pound to the dog food processing plant, or it could be made into custom Italian sausage and sold in the meat department. The cost of the sausage making is $3.00 per pound and each pound could be sold for $7.50. What should be done with the pork and why?Annie’s cafe makes sandwiches for sale. Contents of their cheese and pickle sandwich are as follows: 2 slices of bread 50 grams of cheese 25 grams of pickle 5 grams of butter Losses due to accidental damage are estimated to be 5% of the materials input. Materials can be bought from the cash and carry at the following prices: Bread 50p per loaf of 20 slices Cheese £3 per kg Pickle £2 per kg Butter £1.50 per kg Prepare the standard cost of one cheese and pickle sandwich.
