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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
HJ Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup pounds has the following standards: tableStandard Quantity,Standard PriceWhole tomatoes,$ per lbVinegargal,, per gal.Corn syrup,gal,, per gal.Salt per The actual materials in a batch may vary from the standard due to tomato characteristics. Assume that the actual quantities of materials for batch were as follows: lbs of tomatoes gal, of vinegar gal. of com syrup Ibs. of salt a Determine the standard unit materials cost per pound for a standard batch. If required, round amounts to the nearest cent. tableIngredienttableStandard Costper BatchWhole tomatoes,VinegarCorn syrup,SaltTotalStandard unit materials cost per pound,
HJ Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup pounds has the following standards:
tableStandard Quantity,Standard PriceWhole tomatoes,$ per lbVinegargal,, per gal.Corn syrup,gal,, per gal.Salt per
The actual materials in a batch may vary from the standard due to tomato characteristics. Assume that the actual quantities of materials for batch were as follows:
lbs of tomatoes
gal, of vinegar
gal. of com syrup
Ibs. of salt
a Determine the standard unit materials cost per pound for a standard batch. If required, round amounts to the nearest cent.
tableIngredienttableStandard Costper BatchWhole tomatoes,VinegarCorn syrup,SaltTotalStandard unit materials cost per pound,
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