Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (2,400 pounds) has the following standards: Whole tomatoes Standard Quantity Standard Price 4,000 lbs. $0.39 per lb. Vinegar Corn syrup Salt 220 gal. 2.40 per gal. 19 gal. 8.70 per gal 88 lbs. 2.20 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: 4,200 lbs. of tomatoes 211 gal. of vinegar 20 gal. of com syrup 87 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 Vinegar Com syrup Salt Total Standard unit materials cost per pound 0.39 2.40 8.70 x 2.20 X b. Determine the direct materials quantity variance for batch 08-99. 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 Whole tomatoes Vinegar Com syrup Salt Total direct materials quantity variance Materials Quantity Variance Favorable/Unfavorable