Please answer and explain hj heinz company uses standards

Reference no: EM13612077

Please answer and explain. H.J. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup (1,500 pounds) has the following standards: The actual materials in a batch may vary from the standard due to tomato characteristics. Assume that the actual quantities of materials for batch K-54 were as follows:

a. Determine the standard unit materials cost per pound for a standard batch. Round the per unit answers to nearest whole cent. Ingredient Standard Cost per Batch Whole tomatoes $ Vinegar $ Corn syrup $ Salt $ Total $ Standard unit materials cost per pound $

Reference no: EM13612077

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