Condiments 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-111 were as follows

A. Determine the standard unit materials cost per pound for a standard batch. If required, round amounts to the nearest cent.

Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (1,500 Standard Quantity Standard Price Whole tomatoes 2,500 lbs. $ 0.43 per lb. Vinegar 140 gal. $ 2.60 per gal. Corn syrup 12 gal. $ 9.60 per gal. Salt 56 lbs. $ 2.40 per lb. The actual materials in a batch may vary from the standard due to tomato characteristics. Assume that the 2,600 lbs. of tomatoes 134 gal. of vinegar 13 gal. of corn syrup 55 lbs. of salt Standard Cost per Batch Ingredient 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 number. Materials Quantity Variance Ingredient Whole tomatoes Favorable/Unfavorable Unfavorable Vinegar $ Favorable Corn syrup Unfavorable Salt $ Favorable Total direct materials quantity variance GA Unfavorable