Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (2,700 pounds) has the following standards: Standard Quantity Standard Price Whole tomatoes per 4,500 lbs. $0.46 lb. per Vinegar 250 gal. 2.80 gal. per Corn syrup 22 gal. 10.20 gal. Salt 100 lbs. 2.60 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 08-99 were as follows: 4,700 lbs. of tomatoes 240 gal. of vinegar 23 gal. of corn syrup 99 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 Whole tomatoes Vinegar Corn syrup Salt Total Standard unit materials cost per pound per Batch