(Solved): Standard product cost, direct materials variance H.J. Heinz Company uses standards to control its m ...

Standard product cost, direct materials variance H.J. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup ( 1,600 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

were as follows:

. of tomatoes

. of vinegar 14 gal. of corn syrup

. of salt a. Determine the standard unit materials cost per pound for a standard batch. If required, round amounts to the nearest cent. Materials Quantity