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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

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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 recetving and handling $0.50. (2) Quantity per gallon of Finished product is required materiais 2.9 pounds and allowance for waste and spollage 0.7 pounds. Compute the following. (Round answers to 2 decimat places, es 1.25N (a) Standard direct materials price per pound of raw materials. (b) Sundard direct materials quantity per galion. (c) Totalstandard materials cost per zollon. 5

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