Mary Company accumulates the following data concerning raw materials in making its finished product. (1) Price per pound of raw materials is net purchase price $2.70, freight-in $0.70, and receiving and handling $0.20. (2) Quantity per gallon of finished product is required materials 3.5 pounds and allowance for waste and spoilage 0.9 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. $ $ LA pounds

Mary Company accumulates the following data concerning raw materials in making its finished product. (1) Price per pound of raw materials is net purchase price $2.70, freight-in $0.70, and receiving and handling $0.20. (2) Quantity per gallon of finished product is required materials 3.5 pounds and allowance for waste and spoilage 0.9 pounds. Compute the following (Round answers to 2 decimal places, e.3. 1.25.) (a) Standard direct materials price per pound of raw materials. (b) Standard direct materials quantity per gailon. pounds (c) Total standard materials cost per gallon