Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (2,000 pounds) has the following standards: Standard Quantity Standard Price Whole tomatoes Vinegar Corn syrup Salt 3,300 lbs. $0.40 per lb. 190 gal. 2.40 per gal. 16 gal. 8.90 per gal. 76 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: 3,400 lbs. of tomatoes 182 gal. of vinegar 17 gal. of corn syrup 75 lbs. of salt