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Blue Company accumulates the following data concerning raw materials in making one gallon of finished product. ( 1 ) Price - net purchase price $

Blue Company accumulates the following data concerning raw materials in making one gallon of finished product. (1) Price-net purchase price $2.50, freight-in $0.30, and receiving and handling $0.30.(2) Quantity-required materials 3.40 pounds, allowance for waste and spoilage 0.70 pounds.
Compute the following. (Round answers to 2 decimal places, e.g.1.25.)
(a) Standard direct materials price per gallon.
$
(b) Standard direct materials quantity per gallon. pounds
(c) Total standard materials cost per gallon.
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