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Truly Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a

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 (2,929 bars) are as follows: Ingredient Price Cocoa Sugar Milk Quantity 630 lbs. $0.40 per lb. 180 lbs. $0.60 per lb. 150 gal. $1.70 per gal. Determine the standard direct materials cost per bar of chocolate. Round to two decimal places.

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