Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (2,800 pounds) has the following standards: Standard Quantity Standard Price $ 0.49 per lb. Whole tomatoes 4,700 lbs. $3.00 per gal. Vinegar 260 gal. 22 gal $10.90 per gal Corn syrup 104 lbs $ 2.70 per lb. Salt The actual materials in batch may vary from the standard due to tomato characteristics. Assume that the actual quantities of materials for batch K-111 were as follows: 4,900 lbs. of tomatoes 250 gal. of vinegar 23 gal. of corn syrup 103 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 forbatch 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 positive number. Favorable/Unfavorable Ingredient Materials Quantity Variance Whole tomatoes Vinegar $1 Corn syrup Salt $ Total direct materials quantity variance