FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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 (2,600
bars) are as follows:
Ingredient
Quantity
Price
Cocoa
480 Ibs.
$0.30 per Ib.
Sugar
150 Ibs.
$0.60 per Ib.
Milk
120 gal.
$1.30 per gal.
Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent.
per bar
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Transcribed Image Text: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 (2,600 bars) are as follows: Ingredient Quantity Price Cocoa 480 Ibs. $0.30 per Ib. Sugar 150 Ibs. $0.60 per Ib. Milk 120 gal. $1.30 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. per bar
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