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Chris Jackson manufactures and sells homemade wine, and he wants to develop a standard cost per litre. The following are required for production of
Chris Jackson manufactures and sells homemade wine, and he wants to develop a standard cost per litre. The following are required for production of a 150-litre batch: 72.00 litres of grape concentrate at $1.35 per litre 20.25 kg of granulated sugar at $0.60 per kilogram 43.50 lemons at $0.60 each 37.50 yeast tablets at $0.25 each 37.50 nutrient tablets at $0.20 each 54.75 litres of water at $0.10 per litre Chris estimates that 4% of the grape concentrate is wasted, 10% of the sugar is lost, and 20% of the lemons cannot be used. Calculate the standard cost of the ingredients for one litre of wine. (Round intermediate calculations and final answer to 3 decimal places, eg. 1.251) Standard cost of the ingredients for one litre of wine $
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