Desai Confections produces candy bars. The primary. materials used in producing candy bars are cocoa, sugar, and milk. The standard costs for a batch of candy (2,500 bars) are as follows: Ingredient Quantity Price per Unit Cocoa 700 lbs. $0.35 per lb. Sugar 200 lbs. $0.55 per lb. Milk 180 gal. $1.50 per gal. Determine the standard direct materials cost per bar of candy.

Desai Confections produces candy bars. The primary. materials used in producing candy bars are cocoa, sugar, and milk. The standard costs for a batch of candy (2,500 bars) are as follows: Ingredient Quantity Price per Unit Cocoa 700 lbs. $0.35 per lb. Sugar 200 lbs. $0.55 per lb. Milk 180 gal. $1.50 per gal. Determine the standard direct materials cost per bar of candy.

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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Truly Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (1,457 bars) are as follows: Ingredient Quantity Price Cocoa 420 lbs. $0.30 per lb. Sugar 120 lbs. $0.60 per lb. Milk 90 gal. $1.20 per gal. Determine the standard direct materials cost per bar of chocolate. Round to two decimal places.fill in the blank 1 of 1$ per bar
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Question 1) Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard cost for a batch of chocolate (2,880 bars) are as follows: Ingredient Quantity Price Cocoa 540lbs $0.30 per lb. Sugar 150lbs $0.60 per lb. Milk 120gal $1.50 per gal. Determine thte standard direct materials cost per bar of chocolate. If required, round to the nearest cent. $_______ per bar __________________________________________________________ Question 2) Refer to the picture
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v2.cengagenow.com Standard Direct Materials Cost per Unit Truly Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (1,810 bars) are as follows: Ingredient Price Cocoa Sugar Milk Quantity 600 lbs. $0.30 per lb. 180 lbs. $0.60 per lb. 150 gal. $1.70 per gal. Determine the standard direct materials cost per bar of chocolate. Round to two decimal places. X per bar Feedback Check My Work Remember the process discussed in chapter for calculating standard direct materials cost per unit.
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Use the following standard cost and actual information to calculate the cost of 1 gallon of ice cream to answer the questions below. Product: Gallon of Ice Cream Manufacturing Cost Information Standard Standard Cost Cost X Quantity 6 quarts Summary $6.00 $1.90 per Unit $1.00 per quart $38.00 per hour Direct Materials Direct Labor 3 minutes Total Direct Costs $7.90 Actual costs incurred to make 50 gallons of ice cream: • 275 quarts of cream at $1.05 per gallon • 165 minutes of labor at $37.00 per hour (60 minutes = 1 hour) (d) Calculate the labor efficiency (hourly) variance
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