Truly Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (1,457 bars) are as follows: Ingredient Quantity Price Cocoa 420 lbs. $0.30 per lb. Sugar 120 lbs. $0.60 per lb. Milk 90 gal. $1.20 per gal. Determine the standard direct materials cost per bar of chocolate. Round to two decimal places.fill in the blank 1 of 1$ per bar

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 1E: Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars...
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Truly Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (1,457 bars) are as follows:

Ingredient Quantity Price
Cocoa 420 lbs. $0.30 per lb.
Sugar 120 lbs. $0.60 per lb.
Milk 90 gal. $1.20 per gal.

Determine the standard direct materials cost per bar of chocolate. Round to two decimal places.
fill in the blank 1 of 1$ per bar

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