Final answer:
The standard cost of producing one-pound case of roasted coffee beans can vary depending on several factors such as the quality of the beans, the region where they are grown, and the production methods used.
Step-by-step explanation:
The standard cost of producing one-pound case of roasted coffee beans can vary depending on several factors such as the quality of the beans, the region where they are grown, and the production methods used. However, to estimate the cost, we can consider the average market price of coffee beans and the additional costs involved in the production process.
Step 1: Determine the average market price of coffee beans. According to the given information, the world price of coffee has fluctuated over time, ranging from 46 cents to $2.31 per pound.
Step 2: Calculate the additional costs involved in production. This includes expenses such as labor, equipment, packaging, and transportation.
Step 3: Add the average market price and the additional costs to determine the standard cost of producing one-pound case of roasted coffee beans.
It's important to note that the standard cost may not always align with the market price, as factors such as supply and demand can influence the actual selling price of coffee beans.