Tang Company accumulates the following data concerning raw materials in making its finished product: (1) Price per pound of raw materials-net purchase price $2.30, freight in $0.30, and receiving and handing 10. 20 (2) Quantity per gallon of finished product- required materials 2.70 pounds, allowance for waste and spollage 0.50 pound Compute the following (Round answers to 2 decimal places, eg 1.25) (al Standard direct materials price per pound of raw materials (b) Standard direct materials quantity per galon. pounds (c) Total standard materials cost per galon
