Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Michael Brown manufactures and sells homemade wine, and he wants to develop a standard cost per litre. The following are required for production of a

Michael Brown manufactures and sells homemade wine, and he wants to develop a standard cost per litre. The following are required
for production of a 300-litre batch:
90.00 litres of grape concentrate at $1.40 per litre
40.50kg of granulated sugar at $0.60 per kilogram
87.00 lemons at $0.60 each
72.00 yeast tablets at $0.25 each
69.00 nutrient tablets at $0.20 each
112.50 litres of water at $0.10 per litre
Michael 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. (Round intermediate calculations and final answer to 3 decimal places,
e.g.1.251.)
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Draw a schematic diagram of I.C. engines and name the parts.

Answered: 1 week ago