Chapter 22 Homework Vinegar Corn syrup 190 gal. 16 gal. 76 lbs. Salt Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (2,000 pounds) has the following standards: Standard Quantity Standard Price Whole tomatoes 3,300 lbs. $ 0.52 per ib. $ 3.20 per gal. $11.60 per gal. $ 2.90 per Ib. 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: 3,400 lbs. of tomatoes 182 gal. of vinegar 17 gal, of corn syrup 75 lbs. of salt a. Determine the standard unit materials cost per pound for a standard batch. If required, 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 materials quantity variance for batch K-111. 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 Variance Favorable/Unfavorable Unfavorable Favorable Ingredient Whole tomatoes Vinegar Corn syrup Unfavorable Salt Favorable Total direct materials quantity variance Unfavorable