Ricky Tinto 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.

Ricky Tinto 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. 3,300 ounces of grape concentrate at $0.08 per ounce 54 pounds of granulated sugar at $0.30 per pound 60 lemons at $0.66 each 50 yeast tablets at $0.25 each 50 nutrient tablets at $0.20 each 2,500 ounces of water at $0.004 per ounce Ricky estimates that 4% of the grape concentrate is wasted, 10% of the sugar is lost, and 20% of the lemons cannot be used. Instructions a.) Compute the standard cost of the ingredients for one gallon of wine. (Carry computations to two decimal places.) Amount per gallon Standard Waste Standard Usage Standard Price Standard Cost per Gallon Ingredient Grape concentrate b.) Assume the standard waste for grape concentrate, sugar and lemons changed to 5%, 8% and 24% respectively. How will these changes impact the standard cost of one gallon of wine? Amount per gallon Standard Waste Standard Price Standard Cost per Gallon Ingredient Usage