Chapter 23 Homework (Application) 2:20 PCI 10. ? The actual materials in a batch may vary from the standard due to tomato characteristics. Assume that the actual quantities of materials for batch 08-99 were as follows: 4,000 lbs. of tomatoes 202 gal. of vinegar 19 gal. of corn syrup 83 Ibs. of salt a. Determine the standard unit materials cost per pound for a standard batch. If required, round amounts to the nearest cent. Standard Cost Ingredient per Batch Whole tomatoes $ Vinegar Corn syrup Salt Total Standard unit materials cost per pound b. Determine the direct materials quantity variance for batch 08-99. If required, round amounts to the nearest cent. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Materials Quantity Ingredient Variance Favorable/Unfavorable Whole tomatoes Vinegar Corn syrup Total direct materials quantity variance Check My Work ( Previous Next) Assignment Score: 90.26% Save and Exit Submit Assignment for GradingChapter 23 Homework {Application} Standard Product Cost, Direct Materials Variance Condiments Companyr uses standards to control its materials costs. Assume that a batch of ketchup {2,300 pounds] has the following standards: Standard Quantity Standard Price whole tomatoes 3,800 lbs. $0.40 per lb. Vinegar 210 gal. 2.40 per gal. Corn syrup 18 gal. 8.90 per gal. Salt 84 lbs. 2.20 per lb. The actual materials in a batch ma'glr var}r from the standard due to tomato characteristics. Assume that the actual quantities of materials for batch 08-99 were as follows: 4,000 lbs. of tomatoes 0 202 gal. of vinegar 19 gal. of corn syrup 83 lbs. of salt a. Determine the standard unit materials cost per pound for a standard batch. If required, round amounts to the nearest cent. Standard Cost Ingredient per Batch Whole tomatoes :5: Vinegar E Co rn syru p :l sum Standard unit materials cost per pound 3'6: b. Determine the direct materials quantity variance for batch 08-99. If required, round amounts to the nearest cent. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. "alluvial: n I Inll-Eh: Check My Work ( PFEVlUUS Next ) Assignment Score: 90.26% Submit Assignment for Grading