Choco la ti-da company produces chocolate bars the primary

Question

Choco La Ti-Da 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 (4,500 bars) are as follows:

Ingredient                  Quantity                     Price

Cocoa                             510Ibs.                     $1.50 per pound

Sugar                             160Ibs.                      $.50 per pound

Milk                                100 gal                      $3.25 per gallon

Determine the standard direct materials cost per bar of chocolate.