Homework Answers
Answer:
The Standard cost per 10 gallon batch of strawberry jam is shown below:-
|
Strawberry ( 7.5 quarts* X $0.80 ) |
$6.00 |
|
Other ingredients ( 10 gallons X $0.45 ) |
4.50 |
|
Sorting Labor { ( 3 minutes X 6 quarts ) /60} X $9.00 |
2.70 |
|
Blending labor ( 12 minutes / 60 ) X $9.00 |
1.80 |
|
Packaging ( 40 quarts** X $0.38 ) |
15.20 |
|
Total Standard Cost |
$30.20 |
*6 quarts X (5/4) = 7.5 quarts needed for 6 good quarts
** 4 quarts per gallon X 10 gallons = 40 quarts
B.
Joe Adams' behavior regarding the cost information is unethical as it is in violation of the following
Standards from Statement of Ethical Professional Practice.
Competence. Provide decision support information and recommendations that are accurate, clear,
concise, and timely.
Confidentiality. In general, does not apply to this situation.
Integrity. Mitigate actual conflicts of interest; regularly communicate with business associates to
Avoid apparent conflicts of interest. Advise all parties of any potential conflicts. Refrain from en-
gaging in any conduct that would prejudice carrying out duties ethically. Abstain from engaging in
or supporting any activity that might discredit the profession.
Credibility. Communicate information fairly and objectively.
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