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 (1,900 pounds) has the following standards: Whole tomatoes Standard Quantity Standard Price Vinegar Corn syrup Salt 3,200 lbs. $0.53 per lb. 180 gal. 3.20 per gal. 15 gal. 72 lbs. 11.80 per gal. 2.90 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 08-99 were as follows: 3,300 lbs. of tomatoes 173 gal. of vinegar 16 gal. of corn syrup 71 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 Whole tomatoes Vinegar Corn syrup Standard Cost per Batch 1,696 576 177 Check My Work 3 more Check My Work uses remaining. Previous eBook Ingredient Whole tomatoes Vinegar Corn syrup Salt Total Show Me How Standard unit materials cost per pound Standard Cost per Batch 1,696 576 177 208.80 2,657.80 1.40 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 Ingredient Whole tomatoes Variance Favorable/Unfavorable -53 X Unfavorable Vinegar 22.40 X Corn syrup -11.80 X Salt 2.90 X Favorable Unfavorable Favorable Total direct materials quantity variance -39.50 X Unfavorable Feedback Check My Work Check My Work 3 more Check Salt eBook Show MarHOW 208.80 2,657.80 1.40 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 Favorable/Unfavorable Ingredient Whole tomatoes Variance -53 X Unfavorable 22.40 X Vinegar Corn syrup -11.80 X Favorable Unfavorable 2.90 X Favorable Salt Total direct materials quantity variance -39.50 X Unfavorable Feedback Check My Work Unfavorable variances can be thought of as increasing costs (a debit). Favorable variances can be thought of as decreasing costs (a credit). The direct material cost variance is the difference between the actual and standard material cost. Remember the process discussed in chapter for calculating standard cost. Previous