Standard Product Cost, Direct Materials Variance H.J. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup (1,000 pounds) has the following standards: Standard Quantity 1,700 lbs. 90 gal. 8 gal. 36 lbs. Whole tomatoes $0.39 per lb. 2.40 per gal. 8.70 per gal. 2.20 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: Vinegar Corn syrup Salt 1,800 lbs. 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 nearest cent. Standard Cost per Batch Ingredient Whole tomatoes Vinegar Standard Price Corn syrup Salt 0000 $

Standard Product Cost, Direct Materials Variance H.3. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup ( 1,000 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 0899 were as follows: 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