Question 11 Tang Company accumulates the following data concerning raw materials in making its finished product: (1) Price per pound of raw materials--net purchase price $3.30, freight-in $0.70, and receiving and handling $0.50. (2) Quantity per gallon of finished product-required materials 2.90 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 pound of raw materials. $ (b) Standard direct materials quantity per gallon pounds Total standard materials cost per gallion