Tang Company accumulates the following data concerning raw materials in making its finished product: (1) Price per pound of raw materials—net purchase price $2.53, freight-in $0.54, and receiving and handling $0.37. (2) Quantity per gallon of finished product—required materials 3.45 pounds, allowance for waste and spoilage 0.60 pounds. Compute the following. (Round answers to 2 decimal places, e. g. 1.25.) (a) Standard direct materials price per pound of raw materials. $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