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Sheffield Itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a

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Sheffield Itzek 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. 2,400 ounces of grape concentrate at $0.05 per ounce 54 pounds of granulated sugar at $0.40 per pound 60 lemons at $0.60 each 100 yeast tablets at $0.26 each 250 nutrient tablets at $0.15 each 2.900 ounces of water at $0.005 per ounce Shelfield estimates that 4% of the grape concentrate is wasted, 10% of the sugar is lost, and 25% of the lemons cannot be used, Compute the standard cost of the ingredients for one gallon of wine. (Round intermediate calculotions and final answer to 2 decimal ploces. (es. 1.25.) 5tandard Cost Per Galion

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