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Find the standard cost of the ingredients for one gallon

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Reference no: EM132758779

Hank Itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a 70-gallon batch.

2,600 ounces of grape concentrate at $0.08 per ounce114 pounds of granulated sugar at $0.43 per pound100 lemons at $0.89 each210 yeast tablets at $0.20 each70 nutrient tablets at $0.10 each2,800 ounces of water at $0.005 per ounce

Hank estimates that 5% of the grape concentrate is wasted, 15% of the sugar is lost, and 33% of the lemons cannot be used.

Problem 1: Compute the standard cost of the ingredients for one gallon of wine.

Reference no: EM132758779

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