Tang Company accumulates the following data concerning raw materials in making its finished product: (1) Price per pound of raw materials-net purchase price $2.50, freight-in $0,50, and receiving and handling $0,40. (2) Quantity per gallon of finished product- required materials 3.40 pounds, allowance for waste and spoilage 0.60 pounds Compute the following. (Round answers to 2 decimal places, es 1.25.) $ 3,40 (3) Standard direct materials price per pound of raw materials, (b) Standard direct materials quantity per gallon 3.20 pounds (c) Total standard materials cost per gallon. 8.96