Why Choose Us?
0% AI Guarantee
Human-written only.
24/7 Support
Anytime, anywhere.
Plagiarism Free
100% Original.
Expert Tutors
Masters & PhDs.
100% Confidential
Your privacy matters.
On-Time Delivery
Never miss a deadline.
Standard Direct Materials Cost per Unit Roanoke Company produces chocolate bars
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 (955 bars) are as follows:
| Ingredient | Quantity | Price | |||
| Cocoa | 420 | lbs. | $0.30 | per lb. | |
| Sugar | 120 | lbs. | $0.60 | per lb. | |
| Milk | 90 | gal. | $1.30 | per gal. | |
Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent.
Expert Solution
| A | B | A X B | |||
| Ingredient | Quantity | Price | Total Cost | ||
| Cocoa | 420 | lbs. | $0.30 | per lb. | $126.00 |
| Sugar | 120 | lbs. | $0.60 | per lb. | $72.00 |
| Milk | 90 | gal. | $1.30 | per gal. | $117.00 |
| $315.00 | |||||
Total direct materials cost for 955 bars = $315
Standard direct materials cost per bar of Chocolate = Total direct materials cost for 955 bars/ 955
= 315/955
= $0.33
The standard direct materials cost per bar of chocolate $0.33
Kindly give a positive rating if you are satisfied with this solution and please ask if you have any query.
Thanks
Archived Solution
You have full access to this solution. To save a copy with all formatting and attachments, use the button below.
For ready-to-submit work, please order a fresh solution below.
