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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 (8,850 bars) are as follows:
| Ingredient | Quantity | Price | |||
| Cocoa | 660 | lbs. | $0.30 | per lb. | |
| Sugar | 180 | lbs. | $0.60 | per lb. | |
| Milk | 150 | gal. | $1.50 | per gal. | |
Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. $fill in the blank 1per bar
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