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Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup ( 1 , 3 0 0 pounds ) has the

Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (1,300 pounds) has the following standards:
Standard Quantity Standard Price
Whole tomatoes 2,200 lbs. $0.51 per lb.
Vinegar 120 gal. 3.10 per gal.
Corn syrup 10 gal. 11.30 per gal.
Salt 48 lbs.2.80 per lb.
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:
2,300 lbs. of tomatoes
115 gal. of vinegar
11 gal. of corn syrup
47 lbs. of salt
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