Question: EX 23-1 Standard direct materials cost per unit OBJ. 2 Billingsly Company produces chocolate bars. The primary materials used in producing chocolate bars are

EX 23-1 Standard direct materials cost per unit OBJ. 2 Billingsly 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 (7,100 bars) are as follows: Ingredient Cocoa Quantity 600 lb. Price $1.25 per lb. Sugar 120 lb. $0.50 per lb. Milk 180 gal. $2.60 per gal. Determine the standard direct materials cost per bar of chocolate.

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