The standard cost of 5000 bars is given. We have to calculate the standard cost per bar of chocolate of the following ingredients:- Cocoa Standard material required for producing 5000 bars =500lbs. Therefore Standard material required for producing 1 bar =510/5000 =0.102lbs. Sugar Standard material required for producing 5000 bars =150lbs. Therefore Standard material required for producing 1 bar=150/5000 = 0.03lbs. Milk Standard material required for producing 5000 bars =120GAL. Therefore Standard material required for producing 1 bar =120/5000 =0.024GAL. Standard direct material cost per bar of chocolate Ingredient Quantity Price cost Cocoa 0.102lbs. $0.40per lbs. $0.0408 Sugar 0.03lbs. $0.64per lbs. $0.0192 Milk 0.024GAL. $1.25per GAL $ 0.03
