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Determine the standard direct materials cost per bar

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Reference no: EM132687081

Problem - Standard Direct Materials Cost Per Unit - Geneva Chocolate 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 (5,000 bars) are as follows:

Ingredient

Quantity

Price

Cocoa

510 lbs.

$0.70 per lb.

Sugar

150 lbs.

$1.18 per lb.

Milk

120 gal.

$1.80 per gal.

Required - Determine the standard direct materials cost per bar of chocolate.

Reference no: EM132687081

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