Question 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 $3.28, freight-in $0.73, and receiving and handling $0.43. (2) Quantity per gallon of finished product-required materials 3.66 pounds, allowance for waste and spoilage 0.80 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 (c) Total standard materials cost per gallon. pounds