1. H.J. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup (3,128 pounds) has the following standards:

Ingredient	Standard Quantity	Standard Price
Whole tomatoes	4,000 lbs.	$.65 per lb.
Vinegar	270 gal.	2.25 per gal.
Corn syrup	25 gal.	28.00 per gal
Salt	100 lbs.	2.25 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:

Actual Quantity

4,275 lbs. of tomatoes

275 gal. of vinegar

20 gal. of corn syrup

90 lbs. of salt

1. Determine the standard unit materials cost per pound for a standard batch.
2. Determine the direct materials quantity variance for batch K-111. Round your answer to the nearest cent.