Concord Corp. manufactures and sells a nutrition drink for children. It wants to develop a...
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Concord Corp. manufactures and sells a nutrition drink for children. It wants to develop a standard cost per gallon. The following are required for production of a 100 gallon batch: 2,140 ounces of lime Kool-Drink at $,12 per ounce 58 pounds of powdered honey at $.60 per pound 81 kiwi fruit at $.50 each 100 protein tablets at $.90 each 5.800 ounces of water at $.003 per ounce Concord estimates that 2% of the lime Kool-Drink is wasted, 20% of the powdered honey is lost, and 10% of the kiwis cannot be used. Compute the standard cost of the ingredients for one gallon of the nutrition drink. (Round intermediate calculations and final answer to 2 decimal places, eg. 52.75.) Standard Cost per Gallon
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