Crazy delicious inc. produces chocolate bars. the primary materials used in producing chocolate bars are cocoa, sugar, and milk. the standard costs for a batch of chocolate (3,975 bars) are as follows:
ingredient quantity price cocoa 630 lbs. $0.30 per lb. sugar 180 lbs. $0.60 per lb. milk 150 gal. $1.20 per gal.
determine the standard direct materials cost per bar of chocolate.