Joseph Moore manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a 48-gallon batch. 2,880 ounces of grape concentrate at $0.05 per ounce 51 pounds of granulated sugar at $0.30 per pound 56 lemons at $0.60 each 48 yeast tablets at $0.25 each 48 nutrient tablets at $0.20 each 2,480 ounces of water at $0.005 per ounce Joseph estimates that 5% of the grape concentrate is wasted, 12% of the sugar is lost, and 26% 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, eg. 1.25.) Standard Cost Per Gallon $ %24
Joseph Moore manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a 48-gallon batch. 2,880 ounces of grape concentrate at $0.05 per ounce 51 pounds of granulated sugar at $0.30 per pound 56 lemons at $0.60 each 48 yeast tablets at $0.25 each 48 nutrient tablets at $0.20 each 2,480 ounces of water at $0.005 per ounce Joseph estimates that 5% of the grape concentrate is wasted, 12% of the sugar is lost, and 26% 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, eg. 1.25.) Standard Cost Per Gallon $ %24
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter8: Tactical Decision-making And Relevant Analysis
Section: Chapter Questions
Problem 40E
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So do I times the given number by the amount per then add them up and divide by 48 to get the answer?
![Current Attempt in Progress
Joseph Moore manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are
required for production of a 48-gallon batch.
2,880 ounces of grape concentrate at $0.05 per ounce
51 pounds of granulated sugar at $0.30 per pound
56 lemons at $0.60 each
48 yeast tablets at $0.25 each
48 nutrient tablets at $0.20 each
2.480 ounces of water at $0.005 per ounce
Joseph estimates that 5% of the grape concentrate is wasted, 12% of the sugar is lost, and 26% 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
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fed6abf1a-d092-442d-b146-02da232cfdf3%2Fbd766fa1-d011-4625-bd17-cad5c02afd50%2F6dpwk0o_processed.png&w=3840&q=75)
Transcribed Image Text:Current Attempt in Progress
Joseph Moore manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are
required for production of a 48-gallon batch.
2,880 ounces of grape concentrate at $0.05 per ounce
51 pounds of granulated sugar at $0.30 per pound
56 lemons at $0.60 each
48 yeast tablets at $0.25 each
48 nutrient tablets at $0.20 each
2.480 ounces of water at $0.005 per ounce
Joseph estimates that 5% of the grape concentrate is wasted, 12% of the sugar is lost, and 26% 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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