gage inprogress-true eBook Show Me How Calculato Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (1,200 pounds) has the following standards: Standard Quantity 2,000 Ibs. 110 gal. Standard Price $0.42 per lb. $2.60 per gal. Whole tomatoes Vinegar Corn syrup Salt 9 gal$9.30 per gall. 44 lbs $ 2.30 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 2,100 Ibs. of tomatoes 106 gal. of vinegar 10 gal. of corn syrup 43 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 Salt Total Standard unit materials cost per pound b. Determine the direct materials quantity varlance for batch k-111. If required, round amounts to the nearest cent. Enter a favorable variance as a negative number using Ingredient Whole tomatoes Vinegar Corn syrup Salt Total direct materials quantity variance Standard Cost per Batch Materials Quantity Variance Favorable/Unfavorable Check My Work