Brief Exercise 11-2 Tang Company accumulates the following data concerning raw materials in making its finished product: (1) Price per pound of raw materials-net purchase price $2.40, freight-in $0.80, and receiving and handling $0.30. (2) Quantity per gallon of finished product-required materials 3.10 pounds, allowance for waste and spoilage 0.50 pounds. Compute the following. (Round answers to 2 decimal places, e.g. 1.25.) (a) (b) (c) Standard direct materials price per pound of raw materials. Standard direct materials quantity per gallon. Total standard materials cost per gallon. pounds Brief Exercise 11-4 Simba Company's standard materials cost per unit of output is $8.40 (2.10 pounds x $4.00). During July, the company purchases and uses 2,310 pounds of materials costing $12,243 in making 1,000 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to O decimal places, e.g. 52.) Total materials variance Unfavorable? Favorable? Unfavorable? Favorable? Unfavorable? Favorable? Materials price variance Materials quantity variance