Question: Thomas Anderson manufactures and sells homemade wine, and he wants to develop a standard cost per litre. The following are required for production of

Thomas Anderson manufactures and sells homemade wine, and he wants to develop

Thomas Anderson manufactures and sells homemade wine, and he wants to develop a standard cost per litre. The following are required for production of a 150-litre batch: 72.00 litres of grape concentrate at $1.50 per litre 20.25 kg of granulated sugar at $0.60 per kilogram 43.50 lemons at $0.60 each 36.00 yeast tablets at $0.25 each 33.75 nutrient tablets at $0.20 each 54.00 litres of water at $0.10 per litre Thomas 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, e.g. 1.251.) Standard cost of the ingredients for one litre of wine

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