Hnak Itzek manufactures and sells homemade wine, and he wants to develop a stand

Question

Hnak Itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a 90-gallon batch.

2,300 ounces of water at $0.005 per ounce

Hank estimates that 1% of the grape concentrate is wasted, 12% of the sugar is lost, and 31% of the lemons cannot be used.

Compute the standard cost of the ingredients for one gallon of wine. (Round intermediate calculations and final answer to 2 decimal places, e.g. 1.25.)

2,500 ounces of grape concentrate at $0.08 per ounce 174 pounds of granulated sugar at $0.37 per pound 164 lemons at $0.64 each 90 yeast tablets at $0.21 each 270 nutrient tablets at $0.16 each

2,300 ounces of water at $0.005 per ounce

Hank estimates that 1% of the grape concentrate is wasted, 12% of the sugar is lost, and 31% of the lemons cannot be used.

Compute the standard cost of the ingredients for one gallon of wine. (Round intermediate calculations and final answer to 2 decimal places, e.g. 1.25.)

Standard Cost Per Gallon $

Explanation / Answer

Hank Itzek Production 90 Gallon batch Grapes 2500 Ounces Granulated Sugar 174 Pounds Lemon 164 Tablet 90 Yeast Nutrient Tablet 270 Water 2300 Ounces Ingrients Grapes 202.02 Granulated Sugar 73.16 Lemon 152.12 Tablet 18.9 Nutrient Tablet 43.2 Water 11.5 Total Cost 500.90 Standard cost per gallon $       5.57

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