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Business, 09.03.2020 23:57 nayelimoormann

Tang Company accumulates the following data concerning raw materials in making its finished product:
(1) Price per pound of raw materials—net purchase price $2.30, freight-in $0.20, and receiving and handling $0.10.
(2) Quantity per gallon of the finished product—required materials 3.60 pounds, allowance for waste and spoilage 0.40 pounds.
Compute the following. (Round answers to 2 decimal places, e. g. 1.25.)
1. Standard direct materials price per gallon.
2. Standard direct materials quantity per gallon.
3. Total standard materials cost per gallon.

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