Hodge Confections is known for its creamy milk chocolate fudge. Hodge sells its fudge to local retailers. A “unit” of fudge is a 10- pound batch. The standard quantities of ingredients for a batch include 7 cups of sugar, 23 ounces of chocolate chips, 16 ounces of butter, and 18 ounces of evaporated milk. The standard costs for each of the ingredients are as follows: $ 0.17 per cup of sugar, $ 0.18 per ounce of chocolate chips, $ 0.11 per ounce of butter, and $ 0.14 per ounce of evaporated milk. Calculate the standard direct material cost per batch of fudge.
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