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H . J . ?Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup ( 1 , 7 0 0

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H.J. ?Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup (1,700 ?pounds) ?has the following standards:
\table[[,Standard Quantity,Standard Price],[Whole tomatoes,2,800lbs.,$0.54 ?per lb.],[Vinegar,160gal,3.30 ?per gal.],[Corn syrup,14gal.,12.00 ?per gal.],[Salt,64lbs.,3.00 ?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:
2,900lbs. ?of tomatoes
154gal. of vinegar
15gal. of corn syrup
63lbs. ?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
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