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 3,300 lbs. $ 0.53 per lb. Vinegar 190 gal. $ 3.20 per gal. Corn syrup 16 gal. $ 11.80 per gal. Salt 76 lbs. $ 2.90 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: 3,400 lbs. of tomatoes 182 gal. of vinegar 17 gal. of corn syrup 75 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 Corn syrup Salt Corn syrup $ Salt Total 09 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 $ IllI Salt Total direct materials quantity variance $