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Steven Lewis manufactures and sells homemade wine, and he wants to develop a standard cost...

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Accounting

Steven Lewis manufactures and sells homemade wine, and he wants to develop a standard cost per litre. The following are required for
production of a 250-litre batch:
120.00 litres of grape concentrate at $1.45 per litre
33.75kg of granulated sugar at $0.60 per kilogram
72.50 lemons at $0.60 each
62.50 yeast tablets at $0.25 each
58.75 nutrient tablets at $0.20 each
95.00 litres of water at $0.10 per litre
Steven estimates that 4% of the grape concentrate is wasted, 10% of the sugar is lost, and 20% of the lemons cannot be used.
Calculate the standard cost of the ingredients for one litre of wine. (Round intermediate calculations and final answer to 3 decimal places,
e.g.1.251.)
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