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Tammy Company accumulates the following data concerning raw materials in making its finished product. (1) Price per pound of raw materials is net purchase

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Tammy Company accumulates the following data concerning raw materials in making its finished product. (1) Price per pound of raw materials is net purchase price $3.30, freight-in $0.70, and receiving and handling $0.50. (2) Quantity per gallon of finished product is required materials 2.9 pounds and allowance for waste and spoilage 0.7 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. A +A 4.1 3.6 pounds 18.04

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