Set direct materials standard. BE11.2 (LO 1), AP Tang Company accumulates the following data concerning raw materials in making its finished product. (1) Price per pound of raw materials is net purchase price $2.30, freight-in $0.20, and receiving and handling $0.10. (2) Quantity per gallon of finished product is required materials 3.6 pounds and allowance for waste and spoilage 0.4 pounds. Compute the following. a. Standard direct materials price per pound of raw materials. b. Standard direct materials quantity per gallon. c. Total standard materials cost per gallon.