Homework Chapter 24 Question 7 of 14 View Policin Current Attempt in Progress -/11 Hank zek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a 50-gallon batch 3.325 ounces of grape concentrate at $0.09 per ounce 54 pounds of granulated sugar at $0.45 per pound 60 at 50.65 each 100 yeast tablets at $0.25 each 50 nutrient tablets at $0.14 each 2.500 ounces of water at $0.005 per ounce Hank estimate that 5% of the grape concentrate is wasted, 10% of the sugar is lost, and 25% of the lemons cannot be used Compute the standard cost of the ingredients for one gallon of wine Round intermediate calculations and final awer to 2 decimal places 1.253 Standard Cost Per Gallon $ eTextbook and Media