Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (1,700 pounds) has the following standards:

Standard Quantity Standard Price

Whole tomatoes 2,800 lbs. $ 0.50 per lb.

Vinegar 160 gal. $ 3.10 per gal.

Corn syrup 14 gal. $ 11.10 per gal.

Salt 64 lbs. $ 2.80 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:

2,900 lbs. of tomatoes

154 gal. of vinegar

15 gal. of corn syrup

63 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.

Ingredient Materials Quantity Variance Favorable/Unfavorable

Whole tomatoes $ Favorable/Unfavorable

Vinegar $ Favorable/Unfavorable

Corn syrup $ Favorable/Unfavorable

Salt $ Favorable/Unfavorable

Total direct materials quantity variance $ Favorable/Unfavorable