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: Whole tomatoes Standard Quantity Standard Price Vinegar Com syrup Salt 4,700 lbs. $0.50 per lb. 260 gal. $3.10 per gal. 22 gal. $11.10 per gal. 104 lbs. $2.80 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 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 Ingredient Whole tomatoes Vinegar Corn syrup Standard Cost per Batch