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Compute the standard cost of ingredients for one gallon wine

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Question - Cheyenne ltzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a SCI-gallon batch.

2,450 ounces of grape concentrate at $0.07 per ounce

54 pounds of granulated sugar at $0.50 per pound

60 lemons at $0.35 each

200 yeast tablets at $0.29 each

250 nutrient tablets at $0.11 each

2,900 ounces of water at $0.005 per ounce

Cheyenne estimates that 2% 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.

Reference no: EM132607523

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