Richard Wilson manufactures and sells homemade wine, and he wants to develop a standard cost per...
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Richard Wilson manufactures and sells homemade wine, and he wants to develop a standard cost per litre. The following are required for production of a 250-litre batch: 90.00 litres of grape concentrate at $1.40 per litre 33.75 kg of granulated sugar at $0.60 per kilogram 82.50 lemons at $0.60 each 62.50 yeast tablets at $0.25 each 62.50 nutrient tablets at $0.20 each 92.50 litres of water at $0.10 per litre Richard 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, eg. 1.251) Standard cost of the ingredients for one litre of wine $ Richard Wilson manufactures and sells homemade wine, and he wants to develop a standard cost per litre. The following are required for production of a 250-litre batch: 90.00 litres of grape concentrate at $1.40 per litre 33.75 kg of granulated sugar at $0.60 per kilogram 82.50 lemons at $0.60 each 62.50 yeast tablets at $0.25 each 62.50 nutrient tablets at $0.20 each 92.50 litres of water at $0.10 per litre Richard 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, eg. 1.251) Standard cost of the ingredients for one litre of wine $
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