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Yelena Yogurt Co. makes yogurt in 6-ounce containers (units). A standard daily production run of 400,000 units (containers) uses direct materials (DM): 17,000 gallons of
Yelena Yogurt Co. makes yogurt in 6-ounce containers (units). A standard daily production run of 400,000 units (containers) uses direct materials (DM): 17,000 gallons of milk, 44,000 pounds of fruit at a standard price of $3.40 per pound and packaging that costs $0.02 per unit. The standard DM cost per unit (container) of yogurt is $0.52. Calculate the standard price per gallon of milk used to produce 400,000 containers of yogurt (round to $0.00).
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