Tang Company accumulates the following data concerning raw materials in making its finished product: (1) Price per pound of raw materialsnet purchase price $2.90, freight-in $0.40, and receiving and handling $0.50. (2) Quantity per gallon of finished productrequired materials 3.40 pounds, allowance for waste and spoilage 0.60 pounds. Compute the following. (Round answers to 2 decimal places, e.g. 1.25.)

(a)		Standard direct materials price per pound of raw materials.		$enter a dollar amount rounded to 2 decimal places
(b)		Standard direct materials quantity per gallon.		enter an amount of pounds rounded to 2 decimal places	pounds
(c)		Total standard materials cost per gallon.		$enter a dollar amount rounded to 2 decimal places

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