Bavarian 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 (7,450 bars) are as follows: Ingredient Quantity Price Cocoa 510 lbs. $0.30 per lb. Sugar 150 lbs. $0.60 per lb. Milk 120 gal. $1.70 per gal. Required: Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent.

Bavarian 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 (7,450 bars) are as follows: Ingredient Quantity Price Cocoa 510 lbs. $0.30 per lb. Sugar 150 lbs. $0.60 per lb. Milk 120 gal. $1.70 per gal. Required: Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 1E: Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars...

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