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Standard Product Cost, Direct Materials Variance H . J . Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup

Standard Product Cost, Direct Materials Variance
H.J. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup (1,300 pounds) has the following standards:
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:
2,300lbs. of tomatoes
115gal. of vinegar
11gal. of corn syrup
47 lbs. of salt
a. Determine the standard unit materials cost per pound for a standard batch. If required, round amounts to the nearest cent.
number.
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