Standard Direct Materials Cost per Unit Truly Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (5,000 bars) are as follows: Ingredient Quantity Price 500 lbs. $1.04 per lb. Sugar 100 lbs. $0.60 per lb. Milk 200 gal. $0.85 per gal Determine the standard direct materials cost per bar of chocolate. Round to two decimal places. per bar