Hnak itzek manufactures and sells homemade wine and he

Reference no: EM13484299

Hnak Itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a 50-gallon batch.

4,000 ounces of grape concentrate at $0.04 per ounce

83 pounds of granulated sugar at $0.55 per pound

88 lemons at $0.75 each

150 yeast tablets at $0.21 each

150 nutrient tablets at $0.13 each

1,500 ounces of water at $0.005 per ounce

Hank estimates that 3% of the grape concentrate is wasted, 10% of the sugar is lost, and 21% of the lemons cannot be used.
Compute the standard cost of the ingredients for one gallon of wine. (Round intermediate calculations and final answer to 2 decimal places, e.g. 1.25.)

Reference no: EM13484299

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