Standard$$Product Cost, Direct Materials VarianceCondiments Company uses standards to control its materials

costs. Assume that a batch of ketchup $(1,700$ pounds$)$ has the

following standards: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:a$.$Determine the standard unit materials

cost per pound for a standard batch.$$If required,

round amounts to the nearest cent.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 number using a minus sign and an

unfavorable variance as a positive number.