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27 May, 07:05

1. Pane Corp. manufactures and sells a nutrition drink for children. It wants to develop a standard cost per gallon. The following are required for production of one gallon: Ingredient Lime Kool-Drink Sugar Protein Tablets Water Amount per Gallon 24.0 oz ...72 lb. 2 50 oz. Standard Waste 4% 10% 0% 0% Standard Price $0.15 per oz $0.65 per lb $0.40 per tablet $0.01 per oz Compute the standard usage (quantity) and standard cost of the ingredients for one gallon of the nutrition drink.

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  1. 27 May, 10:59
    0
    Standard cost = $5.57

    Explanation:

    As per the data given in the question,

    Standard cost = Standard usage * standard price

    Ingredient Amount/gallon st. waste St. usage St. price St. cost

    Lime 24.0 Oz 4%.96X=24.0 Oz=25 Oz 0.15 $3.75 kool-drink

    Sugar. 72 lb 10%.90X=.72 lb = 0.8 lb $0.65 $0.52

    Protein tablets 2 0% 2 $0.40 $0.80

    Water 50 Oz 0% 50 Oz $0.01 $0.50

    Total $5.57

    Total standard cost = $3.75 + $0.52 + $0.80 + $0.50

    = $5.57
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