Standard product cost, direct materials variance OBJ. 2, 3 H.J. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup (3,128 pounds) has the following standards:

Standard Quantity Standard Price Whole tomatoes 4,000 lbs. $ 0.60 per lb.

Vinegar 260 gal. 2.25 per gal.

Corn syrup 25 gal. 28.00 per gal.

Salt 100 lbs. 2.25 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 K-111 were as follows:

4,250 lbs. of tomatoes 275 gal. of vinegar 22 gal. of corn syrup 90 lbs. of salt

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

b. Determine the direct materials quantity variance for batch K-111. Round your answer to the nearest cent.