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In: Accounting
Hank Itzek manufactures and sells homemade wine, and he wants to develop a standard cost per...
Hank 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.
| 2,450 ounces of grape concentrate at $0.07 per ounce |
| 54 pounds of granulated sugar at $0.50 per pound |
| 60 lemons at $0.85 each |
| 200 yeast tablets at $0.29 each |
| 250 nutrient tablets at $0.11 each |
| 2,900 ounces of water at $0.005 per ounce |
Hank estimates that 2% of the grape concentrate is wasted, 10% of
the sugar is lost, and 25% 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.)
| Standard Cost Per Gallon | $enter the standard cost per gallon in dollars rounded to 2 decimal places |
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Hank Itzek manufactures and sells homemade wine, and he wants to develop a standard cost per...
Hank Itzek manufactures and sells homemade wine, and he wants to
develop a standard cost per gallon. The following are required for
production of a 590-gallon batch.
3,300 ounces of grape concentrate at $0.09 per ounce
649 pounds of granulated sugar at $0.47 per pound
1,121 lemons at $0.67 each
1,180 yeast tablets at $0.28 each
590 nutrient tablets at $0.14 each
2,100 ounces of water at $0.005 per ounce
Hank estimates that 5% of the grape concentrate is wasted,...
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For the Month of May, Wine Glass Inc.
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Friday Night, Inc. manufactures high-quality 5-liter boxes of
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Days of
Hours of
Denominator-Level
Manufacturing
Production
Production
Boxes
Capacity Concept
Overhead per Period
per Period
per Day
per Hour
Theoretical capacity
$2,500,000
362
22
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Variable manufacturing overhead 7
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______
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The master manufacturing overhead budget for the month based on
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1.a.What is the maximum monthly revenue?
b.What price should the company charge for each television
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2.a.How many television sets should be produced to realize the
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Fixed manufacturing overhead
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