Bramble 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. 2,970 ounces of grape concentrate at $0.04 per ounce 54 pounds of granulated sugar at $0,45 per pound 60 lemons at $0.70 each 100 yeast tablets at $0.26 each 250 nutrient tablets at $0.10 each 2,700 ounces of water at $0.005 per ounce Bramble estimates that 1% of the grapt 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.)
Bramble 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. 2,970 ounces of grape concentrate at $0.04 per ounce 54 pounds of granulated sugar at $0,45 per pound 60 lemons at $0.70 each 100 yeast tablets at $0.26 each 250 nutrient tablets at $0.10 each 2,700 ounces of water at $0.005 per ounce Bramble estimates that 1% of the grapt 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.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject: acounting
Transcribed Image Text:Bramble 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.
2.970 ounces of grape concentrate at $0.04 per ounce
54 pounds of granulated sugar at $0.45 per pound
60 lemons at $0.70 each
100 yeast tablets at $0.26 each
250 nutrient tablets at $0.10 each
2.700 ounces of water at $0.005 per ounce
Bramble estimates that 1% 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.)
Standard Cost Per Gallon $
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