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# Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materials costs.

Standard Product Cost, Direct Materials Variance

Condiments 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. \$ 0.44 per lb. Vinegar 140 gal. \$ 2.70 per gal. Corn syrup 12 gal. \$ 9.80 per gal. Salt 56 lbs. \$ 2.40 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

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.

Whole tomatoes \$

Vinegar \$

Corn syrup \$

Salt \$

Total direct materials quantity variance \$