Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (2,500 pounds) has the following standards: Standard Quantity Standard Price Whole tomatoes 4,200 lbs. $ 0.51 per lb. Vinegar 230 gal. $ 3.10 per gal. Corn syrup 20 gal. $ 11.30 per gal. Salt 92 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: 4,400 lbs. of tomatoes 221 gal. of vinegar 21 gal. of corn syrup 91 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 ner Batch Ingredient Standard Cost per Batch Whole tomatoes Vinegar Corn syrup Salt Total $ Standard unit materials cost per pound b. Determine the direct materials quantity variance for batch 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 a positive number. Ingredient Materials Quantity Variance Favorable/Unfavorable Whole tomatoes $ Vinegar $ Corn syrup $ Salt $ Total direct materials quantity variance $