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Tang Company accumulates the following data concerning raw materials in making one gallon of finished product....

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, 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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