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Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa,...

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Accounting

Roanoke 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 (3,080 bars) are as follows:

Ingredient Quantity Price
Cocoa 510 lbs. $0.40 per lb.
Sugar 150 lbs. $0.60 per lb.
Milk 120 gal. $1.40 per gal.

Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. $per bar

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