John doe manufactures and sells homemade drinks and he, Ask an Expert

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John Doe manufactures and sells homemade drinks, and he wants todevelop a standard cost per gallon. The following are required forproduction of a 50-gallon batch.

2,700 ounces of grape concentrate at $0.05 per ounce

60.00 pounds of granulated sugar at $0.37 per pound

65.00 lemons at $0.64 each

50.00 yeast tablets at $0.28 each

50 nutrient tablets at $0.24 each

2,400 ounces of water at $0.005 per ounce

John estimates that 4% of the grape concentrate is wasted, 10%of the sugar is lost, and 20% of the lemons cannot be used.

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

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9797691

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