=+H.J. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup (1,500 pounds) has the following standards:

Standard Quantity_Standard Price Whole tomatoes 2,400 Vinegar 130 Corn syrup 10 Salt 54 pounds $0.40 per pound gallons 2.50 per gallon gallons 8.00 per gallon pounds 2.50 per pound