Standard Product Cost, Direct Materials Variance H.J. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup (1,500 pounds) has the following standards: Standard Quantity Standard Price Whole tomatoes 2,500 lbs. $ 0.46 per lb. Vinegar 140 gal. 2.8 per gal. 10.2 per gal. Corn syrup 12 gal. Salt 56 lbs. 2.6 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: 2,600 lbs. of tomatoes 134 gal. of vinegar 13 gal. of corn syrup 55 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 Douche $ 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. Materials Quantity Variance Favorable/ Unfavorable Ingredient Whole tomatoes Vinegar Corn syrup Salt $ Total direct materials quantity variance