个→ C#becausesneaker....HW CH 23IngredientWhole tomatoesVinegarCorn syrupSaltStandard Product Cost, Direct Materials VarianceH.J. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup (2,000 pounds) has the following standards:Standard Price$0.38 per lb.Standard QuantityWhole tomatoes3,300 lbs.190 gal.Vinegar2.3 per gal.Corn syrup16 gal.8.4 per gal.Salt76 lbs.2.1 per lb.The actual materials in a batch may vary from the standard due to tomato characteristics. Assume that the actual quantities of materials forbatch K-111 were as follows:3,400 lbs. of tomatoes182 gal. of vinegar17 gal, of corn syrup75 lbs. of salta. Determine the standard unit materials cost per pound for a standard batch. If required, round amounts to the nearest cent.StandardCostper BatchIngredientWhole tomatoesVinegarv2.cengagenow.com/ilr... Q <Custom OrderCorn syrupTotalStandard unit materials cost per poundb. Determine the direct materials quantity variance for batch K-111. If required, round amounts to the nearest cent. Enter a favorablevariance as a negative number using a minus sign and an unfavorable variance as a positive number.FeedbackSaltTotal direct materials quantity variance)$$Q < ✩$$MaterialsQuantityVariance$* O 14 + :$Favorable/Unfavorable✔UnfavorableFavorableUnfavorable VFavorable✓Unfavorable✓Check My WorkUnfavorable variances can be thought of as increasing costs (a debit). Favorable variances can be thought of as decreasing costs (a credit).The direct material cost variance is the difference between the actual and standard material cost.Remember the process discussed in chapter for calculating standard cost.?

Name: 个→ C#becausesneaker....HW CH 23IngredientWhole tomatoesVinegarCorn sy
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Description: 个→ C#becausesneaker....HW CH 23IngredientWhole tomatoesVinegarCorn syrupSaltStandard Product Cost, Direct Materials VarianceH.J. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup (2,000 pounds) has the follo