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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 (3,740 bars) are as follows: Ingredient Quantity Price Сосоа 570 Ibs. $0.40 per Ib. Sugar 180 Ibs. $0.60 per Ib. Milk 150 gal. $1.50 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. per bar

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 (3,740 bars) are as follows: Ingredient Quantity Price Сосоа 570 Ibs. $0.40 per Ib. Sugar 180 Ibs. $0.60 per Ib. Milk 150 gal. $1.50 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. per bar

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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Standard Direct Materials Cost per Unit

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 (3,740 bars) are as follows: Ingredient Quantity Price Сосоа 570 Ibs. $0.40 per Ib. Sugar 180 Ibs. $0.60 per Ib. Milk 150 gal. $1.50 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 (3,740 bars) are as follows: Ingredient Quantity Price Сосоа 570 Ibs. $0.40 per Ib. Sugar 180 Ibs. $0.60 per Ib. Milk 150 gal. $1.50 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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