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Brian estimates that 4% of the grape concentrate is wasted, 10% of the sugar is lost, and 20% of the lemons cannot be used. Calculate the standard cost of the ingredients for one litre of wine. (Round intermediate calculations and final answer to 3 decimal places, eg 1.251) Standard cost of the ingredients for one litre of wine

Brian estimates that 4% of the grape concentrate is wasted, 10% of the sugar is lost, and 20% of the lemons cannot be used. Calculate the standard cost of the ingredients for one litre of wine. (Round intermediate calculations and final answer to 3 decimal places, eg 1.251) Standard cost of the ingredients for one litre of wine

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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View Policies Show Attempt History Current Attempt in Progress Brian Walker manufactures and sells homemade wine, and he wants to develop a standard cost per litre. The following are required for production of a 350-litre batch: 84.00 litres of grape concentrate at $1.50 per litre 47.25 kg of granulated sugar at $0.60 per kilogram 112.00 lemons at $0.60 each 80.50 yeast tablets at $0.25 each 82.25 nutrient tablets at $0.20 each 126.00 litres of water at $0.10 per litre Brian estimates that 4% of the grape concentrate is wasted, 10% of the sugar is lost, and 20% of the lemons cannot be used. Calculate the standard cost of the ingredients for one litre of wine. (Round intermediate calculations and final answer to 3 decimal places, eg. 1.251.) Standard cost of the ingredients for one litre of wine $
Transcribed Image Text:View Policies Show Attempt History Current Attempt in Progress Brian Walker manufactures and sells homemade wine, and he wants to develop a standard cost per litre. The following are required for production of a 350-litre batch: 84.00 litres of grape concentrate at $1.50 per litre 47.25 kg of granulated sugar at $0.60 per kilogram 112.00 lemons at $0.60 each 80.50 yeast tablets at $0.25 each 82.25 nutrient tablets at $0.20 each 126.00 litres of water at $0.10 per litre Brian estimates that 4% of the grape concentrate is wasted, 10% of the sugar is lost, and 20% of the lemons cannot be used. Calculate the standard cost of the ingredients for one litre of wine. (Round intermediate calculations and final answer to 3 decimal places, eg. 1.251.) Standard cost of the ingredients for one litre of wine $
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