Determine the standard direct materials cost per bar, Accounting Basics

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Determine the standard direct materials cost per bar

Standard Direct Materials Cost per Unit

Geneva Chocolate 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 (5,000 bars) are as follows:

Cocoa: Qty: 510lb Price: $.70/lb
Sugar: Qty: 150lb Price: $1.18/lb
Milk: Qty: 120gal Price: $1.80/gal

Determine the standard direct materials cost per bar of chocolate. Round to two decimal places.

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Accounting Basics: Determine the standard direct materials cost per bar

Reference No:- TGS0709491

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Accounting Basics: Determine the standard direct materials cost per bar

Reference No:- TGS0709491

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Accounting Basics: Determine the standard direct materials cost per bar

Reference No:- TGS0709491

Recent Questions Asked Accounting Basics

Q : What is the total cost of the ending inventory according

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