Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pina Colada Corp. manufactures and sells a nutrition drink for children. It wants to develop a standard cost per gallon. The following are required

image text in transcribed

Pina Colada Corp. manufactures and sells a nutrition drink for children. It wants to develop a standard cost per gallon. The following are required for production of a 100 gallon batch: 2,080 ounces of lime Kool-Drink at $.12 per ounce 52 pounds of powdered honey at $.60 per pound 75 kiwi fruit at $.50 each 100 protein tablets at $.90 each 5,200 ounces of water at $.003 per ounce Pina Colada estimates that 2% of the lime Kool-Drink is wasted, 20% of the powdered honey is lost, and 10% of the kiwis cannot be used. Compute the standard cost of the ingredients for one gallon of the nutrition drink. (Round intermediate calculations and final answer to 2 decimal places, e.g. 52.75.) Standard Cost per Gallon $

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_2

Step: 3

blur-text-image_3

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

Managerial Accounting

Authors: Charles E. Davis, Elizabeth Davis

2nd edition

1118548639, 9781118800713, 1118338448, 9781118548639, 1118800710, 978-1118338445

More Books

Students also viewed these Accounting questions

Question

1. If a, bE X and p (a, b) 0, prove that a = b.

Answered: 1 week ago