Geneva chocolate company produces chocolate bars the

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Reference no: EM13601990

Standard Direct Materials Cost per Unit

Geneva Chocolate 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 (5,000 bars) are as follows:

Cocoa: Qty: 510lb Price: $.70/lb
Sugar: Qty: 150lb Price: $1.18/lb
Milk: Qty: 120gal Price: $1.80/gal

Determine the standard direct materials cost per bar of chocolate. Round to two decimal places.

Reference no: EM13601990

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