Java Gourmet Coffee
Java Gourmet Coffee reports the following data for April 2010 where 200,000 pounds of roasted gourmet coffee beans were actually produced (note: standard costs do not allow for any wastage),
Actual:

Standard:

Refer to Java Gourmet Coffee.Calculate the actual amount paid for coffee.

Question

Java Gourmet Coffee
Java Gourmet Coffee reports the following data for April 2010 where 200,000 pounds of roasted gourmet coffee beans were actually produced (note: standard costs do not allow for any wastage),
Actual:

Standard:

Refer to Java Gourmet Coffee.Calculate the actual amount paid for coffee.

Quizplus · Accepted Answer

To calculate the actual amount paid for coffee, we need to multiply the actual quantity produced (200,000 pounds) with the standard cost per pound. From the provided data, we can see that the standard cost per pound is $0.60 (TB2144_00). 
Therefore, Actual amount paid for coffee = 200,000 x $0.60 = $120,000 
The correct answer is closest to this value, which is A)$115,500.

Java Gourmet Coffee Java Gourmet Coffee Reports the Following Data for April 2010