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Question - Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (1,700 bars) are as follows:
Ingredient
Quantity
Price
Cocoa
660 lbs.
$0.30 per lb.
Sugar
180 lbs.
$0.60 per lb.
Milk
150 gal.
$1.70 per gal.
Required - Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent.
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