Question 2 of 11 - 70.5 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 $3.30, freight-in $0.70, and receiving and handling $0.40. (2) Quantity per gallon of finished product- required materials 3.70 pounds, allowance for waste and spoilage 0.80 pounds. Compute the following. (Round answers to 2 decimal places, eg. 1.25.) (a) Standard direct materials price per pound of raw materials. $ (b) Standard direct materials quantity per gallon. pounds (c) Total standard materials cost per gallon. Save for Later Attempts:0 of 5 used Submit