READINGS STUDY MATERIALS REVIEW Let's Review 1: Solution You going into business making and selling gourmet meat pies. Your recipe for a meat pie consists of the following: Item Standard Quantity Standard Cost Pie crust 2 52 49 per crust Ground meat 1 kilogram (KE) $5.95 per kg Ground vegetables 0.25 kg $2.60 per kg Broth 250 millilitres (ml) $1 95 per 250 ml Spices and herbs 15 ml 50.07 per ml You estimate that 10% of the meat and vegetables will be normal spoilage. What is the standard cost for direct materials per completed pie? a. $8.64 b. $13.92 (correct answer) C. $14.58 d. $15.09