Question
Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch
Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (1,091 bars) are as follows:
| Ingredient | Quantity | Price | |||
| Cocoa | 450 | lbs. | $0.40 | per lb. | |
| Sugar | 120 | lbs. | $0.60 | per lb. | |
| Milk | 90 | gal. | $1.20 | per gal. | |
Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent.
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Frank Woods Business Accounting
Authors: Frank Wood, Alan Sangster
9th Edition
0273655523, 9780273655527
