Standard Direct Materials Cost per Unit

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 (1,563 bars) are as follows:

Ingredient	Quantity		Price
Cocoa	420	lbs.	$0.40		per lb.
Sugar	120	lbs.	$0.60		per lb.
Milk	90	gal.	$1.50		per gal.

Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. $per bar