Tang Company accumulates the following data concerning raw materials in making one gallon of finished product. (1) Price-net purchase price $2.50, freight-in $0.30, and receiving and handling $0.30. (2) Quantity-required materials 3.40 pounds, allowance for waste and spoilage 0.70 pounds. Compute the following. (Round answers to 2 decimal places, eg, 1.25.) (a) Standard direct materials price per gallon $ 3.50 (6) Standard direct materials quantity per gallon 4.04 pounds (c Total standard materials cost per gallon. VA 14 14