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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 (1,000 pounds) has the

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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 (1,000 pounds) has the following standards Standard QuantityStandard Price 1,700 lbs. 0.43 per lb. Whole tomatoes Vinegar Corn syrup Salt The actual materials in a batch may vary from the standard due to tomato characteristics. Assume that the actual quantities of materials for batch K-111 were as follows: 90 gal. $2.60 per gal. 8 gal.9.60 per gal. 36 lbs.2.40 per lb. 1,800 Ibs. of tomatoes 86 gal. of vinegar 9 gal. of corn syrup 35 lbs. of salt a. Determine the standard unit materials cost per pound for a standard batch. If required, round amounts to the rit nearest cent. Standard Cost per Batch Ingredient Whole tomatoes Vinegar PDF Next Check My Work Email Instructor Save and Exit Submit Assignment for Grading All work saved

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