Hank itzek manufactures and sells homemade wine and he

Reference no: EM13572120

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 50-gallon batch.

3,000 ounces of grape concentrate at $0.06 per ounce

54 pounds of granulated sugar at $0.30 per pound

60 lemons at $0.60 each

50 yeast tablets at $0.25 each

50 nutrient tablets at $0.20 each

2,600 ounces of water at $0.005 per ounce

Hank estimates that 4% 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. (Round intermediate calculations and final answer to 2 decimal places, e.g. 1.25.)

What is the

Standard Cost Per Gallon

Reference no: EM13572120

Questions Cloud

Dscuss the possible impact of inflation on the following : discuss the possible impact of inflation on the following ratios and explain the direction of the impact based on your

Mathias has been the sole proprietor of a clothing store : mathias has been the sole proprietor of a clothing store for many years. he intends to retire after holding a

A project has sales of 462000 costs of 274000 depreciation : a project has sales of 462000 costs of 274000 depreciation of 26000 interest expense of 3400 and a tax rate of 35

Use the expectations theory to determine the implied : use the expectations theory to determine the implied two-year interest rate that begins three years from today.time

Hank itzek manufactures and sells homemade wine and he : hank itzek manufactures and sells homemade wine and he wants to develop a standard cost per gallon. the following are

From the following information develop an aon project : from the following information develop an aon project network. complete the forward and backward pass compute activity

Its cost of equity is 11 percent the cost of preferred : mullineaux corporation has a target capital structure of 65 percent common stock 10 percent preferred stock and 25

Lusk company produces and sells 14700 units of product a : lusk company produces and sells 14700 units of product a each month. the selling price of product a is 29 per unit and

Calculate the total number of bars that must be sold for : smooth-n-soft soaps sells bars of three soaps gentle goat milk lavendar soft and chamomile clean. the company has

User Account

All Pages