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Daniel Jackson manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a

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Daniel Jackson manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a 51-gallon batch. 3,060 ounces of grape concentrate at $0.05 per ounce 54 pounds of granulated sugar at $0,30 per pound 59 lemons at $0.60 each 51 yeast tablets at $0.25 each 51 nutrient tablets at $0.20 each 2,630 ounces of water at $0.005 per ounce Daniel estimates that 5% of the grape concentrate is wasted, 12% of the sugar is lost, and 26% of the lemons cannot be used. Daniel estimates that 5% of the grape concentrate is wasted. 12% of the sugar is lost, and 26% of the lemons cannot be used. Compute the standard cost of the ingredients for one gallon of wine. (Round intermediate calculations and final answer to 2 decimal places, e.g. 1.25.) Standard Cost Per Gallon $

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