Houston Community College Operations And Supply Chain Management Assignment Help - accountsguru

Question - 11-55 Aunt Molly’s Old Fashioned Cookies bakes cookies for retail stores. The company’s best-
selling cookie is chocolate nut supreme, which is marketed as a gourmet cookie and regularly sells for
$8.00 per pound. The standard cost per pound of chocolate nut supreme, based on Aunt Molly’s
normal monthly production of 400,000 pounds, is as follows: Cost Item Quantity Standard unit cost
Total Cost Direct materials Cookie mix 10oz $ .
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11-55 Aunt Molly’s Old Fashioned Cookies bakes cookies for retail stores. The company’s best-selling
cookie is chocolate nut supreme, which is marketed as a gourmet cookie and regularly sells for $8.00
per pound. The standard cost per pound of chocolat ...Read More e nut supreme, based on Aunt Molly’s normal
monthly production of 400,000 pounds, is as follows: Cost Item Quantity Standard unit cost Total Cost
Direct materials Cookie mix 10oz $ .02 per oz $ .20 Milk chocolate 5oz .15 per oz .75 Almonds 1oz
.50 per oz.50 $ 1.45 Direct Labor Mixing 1 min 14.40 per hr $ .24 Baking 2 min 18.00 per hr.60 $ .84
Variable Overhead 3 min 32.40 per hr $ 1.62 Total Standard cost per pound $ 3.91 Aunt Molly’s
management accountant, Karen Blair, prepares monthly budget reports based on these standard
costs. April’s contribution report, which compares budgeted and actual performance, is shown in the
following schedule. Contribution Report for April Static budget Actual Variance Units (in pounds)
400,000 450,000 50,000 F Revenue $3,200,000 $3,555,000 $355,000F Direct materials $580,000
$865,000 $285,000... ...Read Less

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