File Edit View History Bookmarks Window $ 0 7 Q 8 Q v2.cengagenow.com A AU + Content c CengageNOWv2 | Online teaching and learning resource from Cengage Learning WORK #1 eBook Show Me How Standard Product Cost, Direct Materials Variance LGO LGO Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (1,600 pounds) has the following standards: Standard Standard Quantity Price ALGO Whole 2,700 lbs. $0.54 Per tomatoes ALGO Vinegar 150 gal. 3.30 per gal ALGO Corn syrup 13 gal. 12.00 EXCEL.AL.. ALGO Salt 60 lbs. 3.00 ID. 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: 2,800 lbs. of tomatoes 144 gal. of vinegar 14 gal. of corn syrup 59 lbs. of salt a. Determine the standard unit materials cost per pound for a standard batch. If required, round amounts to the nearest cent. Standard Ingredient Cost per Batch Whole tomatoes Vinegar Corn syrup Salt Total Standard unit materials cost per pound b. Determine the direct materials quantity variance for batch 08-99. If required, round amounts to the nearest cent. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Materials Quantity Favorable/Unfavorable Ingredient Previous Next ) Check My Work 2 more Check My Work uses remaining. Save and Exit Submit Assignment for Grading s: 6/9 items All work saved. ent Score: 0.0%