Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (2,900 pounds) has the following standards: Standard Quantity Standard Price Whole tomatoes 4,800 lbs. $ 0.46 per lb. Vinegar 270 gal. $ 2.80 per gal. Corn syrup 23 gal. $ 10.20 per gol. Salt 108 lbs. $ 2.60 per Ib. 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: 5,000 lbs. of tomatoes 259 gal. of vinegar 24 gal. of corn syrup 107 lbs. of salt a. Determine the standard unit materials cost per pound for a standard batch. If required, round amounts to the nearest cent. Standard Cost per Batch Ingredient Whole tomatoes Vinegar Corn syrup Salt Total Standard unit materials cost per pound 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 Vinegar Corn syrup Salt Total direct materials quantity variance