### Standard Direct Materials Cost per UnitCrazy 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 (1,950 bars) are as follows:| Ingredient | Quantity | Price ||------------|----------|-----------|| Cocoa | 600 lbs. | $0.30 per lb. || Sugar | 180 lbs. | $0.60 per lb. || Milk | 150 gal. | $1.20 per gal. |To determine the standard direct materials cost per bar of chocolate, calculate the total cost of each ingredient and divide by the total number of bars (1,950). If required, round to the nearest cent. Enter your calculated cost in the provided box:\[ \text{Standard Direct Materials Cost per Bar} = \_\_\_\_ \text{ per bar} \]Use the "Check My Work" button to verify your calculation. You have a limited number of attempts. Once completed, choose "Submit Assignment for Grading".

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Description: ### Standard Direct Materials Cost per UnitCrazy 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 (1,950 bars) are as follows:| Ing

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Standard Direct Materials Cost per Unit Crazy 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 (1,950 bars) are as follows: Ingredient Quantity Price Cocoa 600 lbs. $0.30 per Ib. Sugar 180 lbs. $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

Standard Direct Materials Cost per Unit Crazy 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 (1,950 bars) are as follows: Ingredient Quantity Price Cocoa 600 lbs. $0.30 per Ib. Sugar 180 lbs. $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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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