Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (1,800 pounds) has the following standards Standard Quantity Standard Price Whole tomatoes 3,000 lbs. $0.45 per Ib. Vinegar 170 gal. 2.70 per gal. Com syrup 15 gal. 10.00 per gal. 68 lbs. 2.50 per 16. 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 3,100 lbs. of tomatoes 163 gal. of vinegar 16 gal. of corn syrup 67 lbs. of salt a. Determine the standard unit materials cost per pound for a standard batch. If required, round amounts to the nearest cent. Standard Cost Ingredient per Batch Whole tomatoes Vinegar Corn syrup Total Standard unit materials cost per pound 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 Dumber usina a minussion and an unfavorable variance as a positive number. number using a minus sign and an unfavorable variance as a positive number. Materials Quantity Variance Ingredient Favorable/Unfavorable Whole tomatoes Unfavorable Favorable Vinegar Unfavorable Corn syrup Salt Unfavorable Total direct materials quantity variance Direct Labor Variances The following data relate to labor cost for production of 3,500 cellular telephones: Actual: 2,340 hrs. at $15.50 Standard: 2,300 hrs. at $15.80 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Rate variance Favorable Time variance Unfavorable Total direct labor cost variance Favorable b. The employees may have been less experienced or poorly trained, thereby resulting in a lower may have resulted in less efficient performance. Thus, the actual time required was more labor rate than planned. The lower level of experience or training than standard