Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs fo batch of chocolate (7,950 bars) are as follows: Ingredient Quantity Price Сосоа 630 Ibs. $0.30 per Ib. Sugar 180 Ibs. $0.60 per Ib. Milk 150 gal. $1.20 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. per bar

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Standard Direct Materials Cost per Unit
Roanoke 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 (7,950 bars) are as follows:
Ingredient
Quantity
Price
Сосоа
630 Ibs.
$0.30 per Ib.
Sugar
180 Ibs.
$0.60 per Ib.
Milk
150 gal.
$1.20 per gal.
Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent.
per bar
Transcribed Image Text:Standard Direct Materials Cost per Unit Roanoke 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 (7,950 bars) are as follows: Ingredient Quantity Price Сосоа 630 Ibs. $0.30 per Ib. Sugar 180 Ibs. $0.60 per Ib. Milk 150 gal. $1.20 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. per bar
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