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Standard Direct Materials Cost per Unit Crazy Delicious Inc. produces chocolate bars. The primary materials...

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Standard Direct Materials Cost per Unit Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (5,000 bars) are as follows: Quantity Price Ingredient $1.40 per lb. 500 lbs. 100 lbs. $0.50 per lb Sugar 250 gal. $1.60 per gal. Milk Determine the standard direct materials cost per bar of chocolate. Round to two decimal places. per bar

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