Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
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 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 (2,671 bars) are as follows:
| Ingredient | Quantity | Price | |||
| Cocoa | 570 | lbs. | $0.40 | 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. $per bar
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started