Business, 06.04.2020 19:25 desiree3114

H. J. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup (7,650 pounds) has the following standards:

Standard Quantity Standard Price
Whole tomatoes 5,000 lbs. $0.75 per lb.
Vinegar 350 gal. 0.90 per gal.
Corn syrup 40 gal. 7.50 per gal.
Salt 125 lbs. 1.80 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:

4,900 lbs. of tomatoes
375 gal. of vinegar
36 gal. of corn syrup
140 lbs. of salt

Determine the standard unit materials cost per pound for a standard batch.

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H. J. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup (7...