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 (2,929 bars) are as follows: Ingredient Cocoa Sugar Milk Quantity Price 630 lbs. $0.40 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. per bar

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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 (2,929 bars) are as follows:
Ingredient
Cocoa
Sugar
Milk
Quantity
Price
630 lbs.
$0.40 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.
per bar
Transcribed Image Text: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 (2,929 bars) are as follows: Ingredient Cocoa Sugar Milk Quantity Price 630 lbs. $0.40 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. per bar
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