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

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Riverbed 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:
2,100 ounces of lime Kool-Drink at $.12 per ounce
54 pounds of powdered honey at $.60 per
5,400 ounces of water at $.003 per ounce
Riverbed 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 $
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