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10. Yanni Yogurt Co. makes yogurt in 6-ounce containers (units). A standard daily production run of 500,000 units (containers) uses direct materials (DM): 74,000
10. Yanni Yogurt Co. makes yogurt in 6-ounce containers (units). A standard daily production run of 500,000 units (containers) uses direct materials (DM): 74,000 gallons of milk at $1.80 per gallon, 70,000 pounds of fruit at a standard price per pound and packaging that costs $0.04 per unit. The standard DM cost per unit (container) of yogurt is $0.94 Calculate the standard price per pound of fruit used to produce 500,000 containers of yogurt (round to $0.00).
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