Question
In: Accounting
Standard Direct Materials Cost per Unit Roanoke Company produces chocolate bars. The primary materials used in...
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 (1,757 bars) are as follows:
| Ingredient | Quantity | Price | |||
| Cocoa | 450 | lbs. | $0.40 | per lb. | |
| Sugar | 120 | lbs. | $0.60 | per lb. | |
| Milk | 90 | gal. | $1.30 | per gal. | |
Determine the standard direct materials cost per bar of
chocolate. If required, round to the nearest cent.
$per bar
Solutions
Expert Solution
| Ingredient | Quantity | Price | Cost | Cost per bar | |
| Cocoa | 450 | $ 0.40 | $ 180.00 | $ 0.10 | |
| Sugar | 120 | $ 0.60 | $ 72.00 | $ 0.04 | |
| Milk | 90 | $ 1.30 | $ 117.00 | $ 0.07 | |
| Total Standard Cost | $ 369.00 | $ 0.21 | per bar | ||
| No. of chocolate bars | 1757 | bars | |||
| Standard Direct material cost per bar | $ 0.21 | per bar | |||
ekkarill92 answered 2 years agoRelated Solutions
Determine the standard direct materials cost per bar of chocolate
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