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Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (2,700 po Standard Quantity
Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (2,700 po Standard Quantity Standard Price Whole tomatoes 4,500 lbs. $ 0.35 per Ib. Vinegar 250 gal. $ 2.10 per gal. Corn syrup 22 gal. $7.80 per gal. Salt 100 lbs. $ 1.90 per lb. The actual materials in a batch may vary from the standard due to tomato characteristics. Assume that the ac 4,700 lbs. of tomatoes 240 gal. of vinegar 23 gal. of corn syrup 99 lbs. of salt a. Determine the standard unit materials cost per pound for a standard batch. If required, round amounts to Ingredient Standard Cost per Batch Whole tomatoes Vinegar Corn syrup Salt Total $ Standard unit materials cost per pound b. Determine the direct materials quantity variance for batch K-111. If required, round amounts to the neares Ingredient Materials Quantity Variance Favorable/Unfavorable Whole tomatoes Vinegar Check My Work All work saved. Vinegar 250 gal. 22 gal. $ 2.10 per gal. $ 7.80 per gal. Corn syrup Salt 100 lbs. $ 1.90 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 4,700 lbs. of tomatoes 240 gal. of vinegar 23 gal, of corn syrup 99 lbs. of salt a. Determine the standard unit materials cost per pound for a standard batch. If required, round amounts to the nearest cent. Ingredient Standard Cost per Batch Whole tomatoes Vinegar Com syrup Salt Total Standard unit materials cost per pound b. Determine the direct materials quantity variance for batch K-111. If required, round amounts to the nearest cent. Enter a favorable variance a Ingredient Materials Quantity Variance Favorable/Unfavorable Whole tomatoes Vinegar Corn syrup Salt Total direct materials quantity variance Check My Work
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