Question: Does anyone know how to do this? Standard Product Cost, Direct Materials Variance ,500 pounds) has the following standards: Condiments Company uses standards to control
Does anyone know how to do this?

Standard Product Cost, Direct Materials Variance ,500 pounds) has the following standards: Condiments Company uses standards to control its materials costs. Assume that a batch ketchup Standard Quantity Standard Price Whole tomatoes 4,200 lbs. $0.48 per lb. $2.90 per gal. Vinegar 230 gal. $ 10.70 per gal. 20 gal. Corn syrup 2.70 per lb Salt 2 lbs. The actual materials i a batch may vary from the standard due to tomato characteristics. Assume that the actual quantities of materials for batch K-111 were as follows: 4.400 lbs, of tomatoes 221 gal, of vinegar 21 gal, of corn syrup 91 lbs. of salt a. Determine the standard unit materials cost per pound for a standard batch. If required, round amount the nearest cent Standard Cost per Batch Ingredient Whole tomatoes Vinegar Corn syrup Salt Total Standard unit materials cost per pound b. Determine the direct materials quantity variance for batch K-111. If required, round amounts to the nearest cent. Enter a favorable variance s a negative number using a minus sign and an unfavorable variance as a positive number Materials Quantity Variance Ingredient Favorable/Unfavorable Unfavorable whole tomatoes Favorable vinegar Unfavorable Com syrup Favorable Salt Total direct materials quantity variance Unfavorable
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