Question
Billingsly Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of
Billingsly Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (7,100 bars) are as follows:
| Ingredient | Quantity | Price | |||
| Cocoa | 600 | lbs. | $1.25 | per lb. | |
| Sugar | 120 | lbs. | $0.50 | per lb. | |
| Milk | 180 | gal. | $2.60 | per gal. | |
Determine the standard direct materials cost per bar of chocolate. Round to two decimal places. $fill in the blank 1 per bar
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FINANCIAL & MANAGERIAL ACCOUNTING FOR DECISION MAKERS
Authors: Dyckman, Hanlon, Magee, Pfeiffer, Hartgraves, Morse
3rd Edition
1618532340, 9781618532343
