Tang Company accumulates the following data concerning raw materials in making its finished product:

1. (1) Price per pound of raw materials - net purchase price $3.00, freight-in $0.50, and receiving and handling $0.20.

2. (2) Quantity per gallon of the finished product - required materials 3.50 pounds, allowance for waste and spoilage 0.80 pounds.

Responses

Standard Costs	Responses
(a) Standard direct materials price per pound of raw materials	$
(b) Standard direct materials quantity per pound	lbs
(c) Total standard materials cost per pound	$