07 Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control is sume that a batch of ketchup (2.400 pounds) has the following standards: Standard Quantity Standard Whole tomatoes 4,000 lbs. $0.45 Vinegar 220 gal. Corn syrup 19 gal. 10.00 per 88 lbs. 2.50 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 Salt 4,200 lbs. of tomatoes 211 galof vinegar 20 gal, of corn syrup 87 lbs. of salt . Determine the standard unit materials cost per pound for a standard batch round amounts to the nearest cent. Ingredient Standard Cost per Batch Whole tomatoes Vinegar Corn syrup Salt Total Standard unit materials cost per pound b. Determine the direct material quantity variance for batch 08-99. If required, round amounts to the ne unfavorable variance as a positive number est cent. Enter a favorable variance as a negative number using a minus sign and an Materials Quantity Variance Ingredient Favorable/Unfavorable Whole tomatoes Vinegar Corn syrup Total direct materials quantity variance