NOTE: Please keep answers in the same format as below! You can see where answers go where it says "fill in the blank." Thank you!!!

Standard Product Cost, Direct Materials Variance

Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (2,100 pounds) has the following standards:

	Standard Quantity		Standard Price
Whole tomatoes	3,500	lbs.	$ 0.37	per lb.
Vinegar	200	gal.	$ 2.30	per gal.
Corn syrup	17	gal.	$ 8.20	per gal.
Salt	80	lbs.	$ 2.10	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:

3,600 lbs. of tomatoes

192 gal. of vinegar

18 gal. of corn syrup

79 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	$fill in the blank 1
Vinegar	$fill in the blank 2
Corn syrup	$fill in the blank 3
Salt	$fill in the blank 4
Total	$fill in the blank 5
Standard unit materials cost per pound	$fill in the blank 6

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	$fill in the blank 7	Unfavorable
Vinegar	$fill in the blank 9	Favorable
Corn syrup	$fill in the blank 11	Unfavorable
Salt	$fill in the blank 13	Favorable
Total direct materials quantity variance	$fill in the blank 15	Unfavorable