Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Kenneth Garcia manufactures and sells homemade wine, and he wants to develop a standard cost per litre. The following are required for production of a
Kenneth Garcia manufactures and sells homemade wine, and he wants to develop a standard cost per litre. The following are required for production of a 350litre batch: 168.00 litres of grape concentrate at $1.35 per litre 47.25 kg of granulated sugar at $0.60 per kilogram 101.50 lemons at $0.60 each 87.50yeast tablets at $0.25 each 87.50 nutrient tablets at $0.20 each 133.00 litres of water at $0.10 per litre Kenneth estimates that 4% of the grape concentrate is wasted, 10% of the sugar is lost, and 20% of the lemons cannot be used. Calculate the standard cost of the ingredients for one litre of wine. {Roundintennediate calculations and nal answer to 3 decimal places. 33. 1.251.} Standard cost of the ingredients for one litre ofwine $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started