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Question 7 of 9 Current Attempt in Progress Matthew King manufactures and...

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Accounting

Question 7 of 9
Current Attempt in Progress
Matthew King manufactures and sells homemade wine, and he wants to develop a standard cost per litre. The following are required for production of a 300-litre batch:
90.00 litres of grape concentrate at $1.40 per litre
40.50kg of granulated sugar at $0..G O per kilogram
87.00 lemons at $0.60 each
69.00 yeast tablets at $0.25 each
69.00 nutrient tablets at $0.20 each
114.00 litres of water at $0.10 per litre
Matthew estimates that 4% of the grape concentrate is wasted, 10% of the sugar is lost, and 20% of the lemons cannot be used.
Calculate the standard cost of the ingredients for one litre of wine. (Round intermediate calculations and final answer to 3 decimal places, e.g.1.251.)
Standard cost of the ingredients for one litre of wine $
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