Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

most-creative-e.jpg 0/1 E E x Your answer is incorrect Hank Itzek manufactures and sells homemade wine, and he wants to develop a standard cost per

image text in transcribed
most-creative-e.jpg 0/1 E E x Your answer is incorrect 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 50-gallon batch 3.325 ounces of grape concentrate at $0.09 de ounce 54 pounds of granulated sugar at $0.45 per pound 60 lemom at 50.65 each 100 yeast tablets at $0.28 each 50 nutrient tablets at $0.14 each 2,100 ounces of water at $0.005 per ounce Hank estimates 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 answer to 2 decimal places 1.25) Standard Cost Per Gallon 762 eTextbook and Media Show All x

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Auditing And Accounting On Aix

Authors: IBM Redbooks

1st Edition

0738418501, 978-0738418506

More Books

Students also viewed these Accounting questions

Question

Question 1 (a2) What is the reaction force Dx in [N]?

Answered: 1 week ago