Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (1,300 pounds) has the following standards: Standard Quantity Standard Price $0.48 per lb $ 2.90 per gal 10.70 per gal $ 2.70 per lb Whole tomatoes Vinegar Corn syrup Salt 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: 2,300 lbs. of tomatoes 115 gal. of vinegar 11 gal. of corn syrup 47 Ibs. of salt a. Determine the standard unit materials cost per pound for a standard batch. If required, round amounts to the nearest cent. Ingredient Whole tomatoes Vinegar Corn syrup Salt Total Standard unit materials cost per pound 2,200 lbs 120 gal 10 gal 48 lbs Standard Cost per Batch