Hnak itzek manufactures and sells homemade wine and he, Ask an Expert

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Hnak Itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a 40-gallon batch.

2,700 ounces of grape concentrate at $0.08 per ounce
70 pounds of granulated sugar at $0.56 per pound
69 lemons at $0.86 each
120 yeast tablets at $0.21 each
120 nutrient tablets at $0.12 each
3,600 ounces of water at $0.009 per ounce

Hank estimates that 3% of the grape concentrate is wasted, 10% of the sugar is lost, and 28% of the lemons cannot be used.

Compute the standard cost of the ingredients for one gallon of wine.

Standard Cost Per Gallon$

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9961077

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