Exercise 11-2 Hank Itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a 890- gallon batch. 3,400 ounces of grape concentrate at $0.04 per ounce 890 pounds of granulated sugar at $0.50 per pound 1,691 lemons at $0.76 each 3,560 yeast tablets at $0.24 each 3,560 nutrient tablets at $0.11 each 2,500 ounces of water at $0.005 per ounce Hank estimates that 5% of the grape concentrate is wasted, 15% of the sugar is lost, and 35% of the lemons cannot be used Compute te 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 Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Question Attempts: 0 of 3 used