Chapter 23 Homework eBook Show Me How Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (1,500 pounds) has the following standards: Standard Quantity Standard Price Whole tomatoes 2,500 lbs. $0.42 per lb. Vinegar 140 gal. 2.60 per gal. Corn syrup 12 gal. 9.30 per gal. Salt 56 lbs. 2.30 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 08-99 were as follows: 2,600 lbs. of tomatoes 134 gal. of vinegar 13 gal, of corn syrup 55 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 Com syrup Salt Check My Work Previous Next > Next 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 08-99. 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 Ingredient Favorable/Unfavorable Whole tomatoes Vinegar Corn syrup Salt Total direct materials quantity variance $1 Check My Work Previous Next Assignment Score: 0.0% All work saved. Save and Exit Submit Assignment for Grading