Please do not give solution in image format thanku Standard Product Cost, Direct Materials VarianceCondiments Company uses standards to control its materials costs. Assume that a batch of ketchup (1,700 pounds) has the following standards:Standard QuantityStandard Price2,800 lbs.$0.45 per b.Whole tomatoesVinegarCorn syrupSalt160 gal.2.70 per gal.14 gal.10.00 per gal.64 lbs.2.50 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:2,900 lbs. of tomatoes154 gal, of vinegar15 gal, of corn syrup63 lbs. of salta. Determine the standard unit materials cost per pound for a standard batch. If required, round amounts to the nearest cent.Standard Costper BatchIngredientWhole tomatoesVinegarCorn syrupSaltTotalStandard unit materials cost per poundhDetermine thefor hatek no on samuland round amounts to the noseck.cent Entora faunesh Whole tomatoesVinegarCorn syrupSaltDOOOOOTotalStandard unit materials cost per poundb. Determine the direct materials quantity variance for batch 08-99. If required, round amounts to the nearest cent. Enter a favorable variance as a negativenumber using a minus sign and an unfavorable variance as a positive number.Materials QuantityIngredientWhole tomatoesVinegarCorn syrupSaltTotal direct materials quantity varianceVarianceFavorable/UnfavorableUnfavorableFavorableUnfavorableFavorableUnfavorable

Name: Please do not give solution in image format thanku Standard Product Co
Uploaded: 2024-03-20T06:33:06.000Z
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Description: Please do not give solution in image format thanku Standard Product Cost, Direct Materials VarianceCondiments Company uses standards to control its materials costs. Assume that a batch of ketchup (1,700 pounds) has the following standards:Standard Qu

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Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (1,700 pounds) has the following standards: Standard Quantity Standard Price Whole tomatoes 2,800 lbs. $0.45 per b Vinegar 160 gal. 2.70 per gal.. Corn syrup 14 gal. 10.00 per gal. Salt 64 lbs. 2.50 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: 2,900 lbs, of tomatoes 154 gal, of vinegar 15 gal, of corn syrup 63 lbs. of salt a. Determine the standard unit materials cost per pound for a standard batch. If required, round amounts to the nearest cent. Ingredient Whole tomatoes Vinegar Corn syrup Salt Total Standard unit materials cost per pound Standard Cost per Batch JOOOO