Question 1 of 7 -/1 E View Policies Current Attempt in Progress Tang Company accumulates the following data concerning raw materials in making its finished product: (1) Price per pound of raw materials-net purchase price $2.70, freight-in $0.70, and receiving and handling $0.20.(2) Quantity per gallon of finished product- required materials 3.50 pounds, allowance for waste and spoilage 0.90 pounds. Compute the following. (Round answers to 2 decimal places, e.g. 1.25.) (a) $ (b) Standard direct materials price per pound of raw materials. Standard direct materials quantity per gallon. Total standard materials cost per gallon. pounds (c) $ Save for Later Attempts: 0 of 7 used Submit