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Attached is a screenshot of the question. Please calculate the standard direct material (DM) cost per batch of fudge balls. (Enter all dollar amounts to
Attached is a screenshot of the question. Please calculate the standard direct material (DM) cost per batch of fudge balls. (Enter all dollar amounts to two decimal places.) Please label your work and please refrain from partially completing the question. Thank you!
London Confections is known for its creamy milk chocolate fudge balls. London sells its fudge balls to local retailers. A "unit" of fudge balls is a ten pound batch. The standard quantities of ingredients for a batch include 8 cups of sugar, 24 ounces of chocolate chips, 13 ounces of butter, and 22 ounces of evaporated milk. The standard costs for each of the ingredients are as follows: $0.24 per cup of sugar, $0.16 per ounce of chocolate chips, $0.16 per ounce of butter, and $0.05 per ounce of evaporated milk. Requirement Calculate the standard direct material cost per batch of fudge balls. Calculate the standard direct material (DM) cost per batch of fudge balls. (Enter all dollar amounts to two decimal places.) Quantity Price Cost Sugar per cup Chocolate chips per ounce Butter per ounce Evaporated milk per ounce Standard DM cost per batchStep by Step Solution
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