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Tang Company accumulates the following data concerning raw materials in making one gallon of finished product: (1) Price-net purchase price $3.29, freight-in $0.45, and receiving
Tang Company accumulates the following data concerning raw materials in making one gallon of finished product: (1) Price-net purchase price $3.29, freight-in $0.45, and receiving and handling $0.32. (2) Quantity-required materials 3.70 pounds, allowance for waste and spoilage 0.70 pounds. Compute the following.(Round answers to 2 decimal places, e.g. 1.25) (a) Standard direct materials price per gallon. $ (b) Standard direct materials quantity per gallon. pounds (c) Total standard materials cost per gallon. $
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