Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 2 x Your answer is incorrect. Try again. Ayayai Itzek manufactures and sells homemade wine, and he wants to develop a standard cost per

image text in transcribed

Question 2 x Your answer is incorrect. Try again. Ayayai 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. 2,910 ounces of grape concentrate at $0.08 per ounce 54 pounds of granulated sugar at $0.40 per pound 60 lemons at $0.70 each 250 yeast tablets at $0.29 each 200 nutrient tablets at $0.12 each 2,800 ounces of water at $0.005 per ounce Ayayai estimates that 3% 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, e.g. 1.25.) Standard Cost Per Gallon 8.53

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

Accounting And Financial Analysis In The Hospitality Industry

Authors: Jonathan A. Hales

1st Edition

0750678968, 978-0750678964

More Books

Students also viewed these Accounting questions

Question

Question What is a secular trust?

Answered: 1 week ago