Swifty 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. 3,465 ounces of grape concentrate at $0.03 per ounce 54 pounds of granulated sugar at $0.35 per pound 60 lemons at $0.65 each 200 yeast tablets at $0.28 each 250 nutrient tablets at $0.11 each 3,100 ounces of water at $0.005 per ounce Swifty estimates that 1% 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 calculations and final answer to 2 decimal places, e.g. 1.25.) 4 Standard Cost Per Gallon

Swifty 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. 3.465 ounces of grape concentrate at $0.03 per ounce 54 pounds of granulated sugar at $0.35 per pound 60 lemons at $0.65 each 200 yeast tablets at $0.28 each 250 nutrient tablets at \$0.11 each 3,100 ounces of water at $0.005 per ounce Swifty estimates that 1% 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 colculations and final answer to 2 decimal ploces, es. 1.251 Standard Cost Per Gallon \$