Part B!!

Standard Product Cost, Direct Materials Variance H.3. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup (7,650 pounds) has the following standards: b. Determine the direct materials quantity variance for botch 08 -99. If required, round amounts to the nearest cent. Enter a favorable variance as a negative number using a minus sign and an unfaverable variance as a positive number. Torin My Wat Untavorable varitnces can be thought of as increasing costs (a debit). Favorible variances can be thought of as decretasing costs (a credi) The direct material cost vartance is the efference betiees the actuot and standerd material cost. Remember the process discussed in chapter for calculating standard cost