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Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of
Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (1,600 bars) are as follows:
Ingredient Quantity Price
Cocoa 600 lbs. $0.30 per lb.
Sugar 180 lbs. $0.60 per lb.
Milk 150 gal. $1.60 per gal.
Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. $? per bar
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