Answer:
Unitary cost= $0.23 per unit
Explanation:
Giving the following information:
Standard costs (5,000 bars):
Cocoa 500 lbs. $1.40 per lb.
Sugar 100 lbs. $0.50 per lb.
Milk 250 gal. $1.60 per gal.
First, we need to calculate the total cost:
Total cost= 500*1.4 + 100*0.5 + 250*1.6
Total cost= $1,150
Now, the unitary cost:
Unitary cost= 1,150/5,000
Unitary cost= $0.23 per unit
The standard direct materials cost per bar of chocolate is $0.23 per bar.
First step is to calculate the total direct material cost for production of 5,000 bar of chocolate
Ingredient Quantity Price Cost
Cocoa 500× $1.40 =$700
Sugar 100 ×$0.50 =$50
Milk 250 ×$1.60 =$400
Total $1,150
Second step is to calculate the standard material cost per bar of chocolate
Standard material cost per=$1,150/5,000
Standard material cost per=$0.23 per bar
Inconclusion the standard direct materials cost per bar of chocolate is $0.23 per bar.
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