Standard Direct Materials Cost per Unit Billingsly 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 (7,100 bars) are as follows: Ingredient Quantity Price Cocoa 600 lbs. $1.25 per lb. Sugar 120 lbs. $0.50 per lb. Milk 180 gal $2.60 per gal Determine the standard direct materials cost per bar of chocolate. Round to two decimal places. per bar