Tang Company accumulates the following data concerning raw materials in making its finished product: (1) Price per pound of raw materialsnet purchase price $2.54, freight-in $0.33, and receiving and handling $0.26. (2) Quantity per gallon of finished productrequired materials 3.42 pounds, allowance for waste and spoilage 0.70 pounds.

Brief Exercise 25-2 Tang Company accumulates the following data concerning raw materials in making its finished product: (1) Price per pound of raw materials-net purchase price $2.54, freight-in $0.33, and receiving and handling $0.26. (2) Quantity per gallon of finished product-required materials 3.42 pounds, allowance for waste and spoilage 0.70 pounds. Compute the following. (Round answers to 2 decimal places, e.g. 1.25.) (a) (b) (c) Standard direct materials price per pound of raw materials. Standard direct materials quantity per gallon Total standard materials cost per gallon. s pounds LINK TO TEXT