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Peter's Pick-Me-Ups Inc. manufactures and sells a nutrition drink for children. The mpany wants to develop a standard cost per kilogram. The following are required

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Peter's Pick-Me-Ups Inc. manufactures and sells a nutrition drink for children. The mpany wants to develop a standard cost per kilogram. The following are required for co production of a 10-litre batch: 70 grams of lime kool-drink at $0.07 per gram 5 grams of granulated sugar at $0.24 per gram 12 kiwi fruit at $0.70 each 30 protein tablets at $0.80 each 9 litres of mineral water at $0.05 per litre Peter's Pick-Me-Ups estimates that 3% of the lime Kool-Drink is wasted, 10% of the sugar is lost, and 5% of the kiwis cannot be used. Required: Calculate the standard cost of the ingredients, rounded to 3 decimals, for one litre of the nutrition drink

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