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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 (5,200 bars) are as follows:
| Ingredient | Quantity | Price |
| Cocoa | 400 lbs. | $1.20 per lb. |
| Sugar | 80 lbs. | $.50 per lb. |
| Milk | 120 gal. | $2.50 per gal. |
Determine the standard direct materials cost per bar of chocolate.
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Accounting Understanding And Practice
Authors: Robert Perks
4th Edition
0077139135, 978-0077139131
