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The actual materiais in a batch may vary from the standard due to tomato characteristics. Assume that the actual quantities of materials for batch K-111

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The actual materiais 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 foll 3,300 lbs. of tomatces 173931, of vinegar 16 gal. of com syrup 71 bs. of salk a. Determine the standard unit materials cost per pound for a standard batch. If requifed, round amounts to the nearest cent. b. Determine the direct materials quantiky variance for batch K-111. If required, round amounts to the nearest cent. Enter a favorable variance as a negative number using a mieus sigh and an unfavorable varionce as a pos tive number. Skandard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materlals costs. Assume that a batch of ketchup (1, goo pounds) has the following standards: The actual materials in a batch may vary from the standard due to tomato characteristies. Assume that the actual quantities of materials for batch K-111 were as follows: 3,300lbs, of tomatoes 173 gal. of vinegar 16 gal. of corn syrup 71 ibs, of salt a. Determine the standard unit materlals cost per pound for a standard batch. If required, found amounts to the nearest cent. b. Determine the direct materiais quantity variance for batch k111. If required, rounid amounts to the nearest centi Enter a favorable variance as a negative number using a minus sion and an unfavorable variance as a nositive number

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