Question 4 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 840-gallon batch. 2,500 ounces of grape concentrate at $0.04 per ounce 1,260 pounds of granulated sugar at $0.43 per pound 1,008 lemons at $0.72 each 2,520 yeast tablets at $0.28 each 1,680 nutrient tablets at $0.11 each 3,000 ounces of water at $0.003 per ounce Hank estimates that 2% of the grape concentrate is wasted, 12% of the sugar is lost, and 34% 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