Standard Product Cost, Direct Materials Variance H.J. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup (7,650 pounds) has the following standards: Standard Quantity Standard Price whole tomatoes 5,000 lbs $0.75 per b. Vinegar 350 gal 0.90 pergal Corn syrup 40 gal 7.50 per gal Salt 125 lbs 1.80 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 batch 08-99 were as follows: 4,900 lbs. of tomatoes 375 gal. of vinegar 36 gal, of corn syrup 140 lbs. of salt a. Determine the standard unit materials cost per pound for a standard batch. Round the per unit answer to the nearest whole cent. Standard Cost Ingredient per Batch Whole tomatoes Vinegar Corn syrup Salt Check My Work Previous Next 30 ya TTSTUP 140 lbs. of salt a. Determine the standard unit materials cost per pound for a standard batch. Round the per unit answer to the nearest whole cent. Standard Cost Ingredient per Batch Whole tomatoes Vinegar Corn syrup Salt Total Standard unit materials cost per pound b. Determine the direct materials quantity variance for batch 08-99. If required, round amounts to the nearest cent. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Materials Quantity Ingredient Variance Favorable/Unfavorable Tomatoes Vinegar Corn syrup Salt Total direct materials quantity variance Previous Next UUTIDS, O SU a. Determine the standard unit materials cost per pound for a standard batch. Round the per unit answer to the nearest whole cent. Standard Cost Ingredient per Batch Whole tomatoes Vinegar Corn syrup Salt Total Standard unit materials cost per pound b. Determine the direct materials quantity variance for batch 08-99. If required, round amounts to the nearest cent. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Materials Quantity Ingredient Variance Favorable/Unfavorable Tomatoes Vinegar Corn syrup Salt Total direct materials quantity variance Previous Next