London Confections is known for its creamy milk chocolate fudge balls. London se

Question

London Confections is known for its creamy milk chocolate fudge balls. London sells its fudge balls to local retailers. A "unit" of fudge balls is a ten pound batch. The standard quantities of ingredients for a batch include 8 cups of sugar, 24 ounces of chocolate chips, 13 ounces of butter, and 22 ounces of evaporated milk. The standard costs for each of the ingredients are as follows: $0.24 per cup of sugar, $0.16 per ounce of chocolate chips, $0.16 per ounce of butter, and $0.05 per ounce of evaporated milk. Requirement Calculate the standard direct material cost per batch of fudge balls. Calculate the standard direct material (DM) cost per batch of fudge balls. (Enter all dollar amounts to two decimal places.) Quantity Price Cost Sugar per cup Chocolate chips per ounce Butter per ounce Evaporated milk per ounce Standard DM cost per batch

Explanation / Answer

Ingredients Quantity Price Cost Suger 8 cups x $0.24/cup $ 1.92 Chocolate chips 24 ounce x $0.16/ounce $ 3.84 Butter 13 ounce x $0.16/ounce $ 2.08 Evaporated Milk 22 ounce x $0.05/ounce $ 1.10 Standard Direct material cost per batch of fudge balls $ 8.94

Related Questions

Navigate

• Browse (All)
• Browse L
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.