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Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (1,200 pounds) has the following standards: Standard Quantity Standard Price Whole tomatoes 2,000 lbs $ 0.41 per lb. Vinegar Com syrup Salt 110 gal 9 gal 44 lbs $ 2.50 per gal $ 9.10 per gal $ 2.30 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 2.100 lbs. of tomatoes 106 gal of vinegar 10 gal, of corn syrup 43 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 Total 10 ya of corn syrup 4) of salt a. Determine the standard unit materials cost per pound for a standard batch required, round amounts to the nearest cent Ingredient Standard Cost per Batch Whole tomatoes Vinegar Corn syrup Salt Total Standard unit materials cost per pound b. Determine the direct matural quantity variance for batch K-111. If required, round amounts to the nearest cant Enter a favorable variance a negative number using a minut sign and an unfavorable variance as a positive number Ingredient Materials Quantity Variance Favorable/Unfavorable Whole tomatoes Vinegar Com syrup Total direct materials quantity variance

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