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Determine the standard direct materials cost per bar

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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 (1,600 bars) are as follows:

Ingredient Quantity Price

Cocoa 600 lbs. $0.30 per lb.

Sugar 180 lbs. $0.60 per lb.

Milk 150 gal. $1.60 per gal.

Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent.

Reference no: EM132796455

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