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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

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 690-gallon batch.

2,500 ounces of grape concentrate at $0.07 per ounce
1,173 pounds of granulated sugar at $0.52 per pound

690 lemons at $0.67 each

1,380 yeast tablets at $0.20 each
2,070 nutrient tablets at $0.10 each
2,400 ounces of water at $0.001 per ounce

Hank estimates that 6% of the grape concentrate is wasted, 17% of the sugar is lost, and 31% 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 $:

PLEASE SHOW WORK!

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