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Tang Company accumulates the following data concerning raw materials in making one gallon of finished product. (1) Pricenet purchase price $2.50, freight-in $0.30, and receiving

Tang Company accumulates the following data concerning raw materials in making one gallon of finished product. (1) Pricenet purchase price $2.50, freight-in $0.30, and receiving and handling $0.30. (2) Quantityrequired materials 3.40 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.

$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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