Question: Brief Exercise 25-2 Your answer is partially correct. Try again. Tang Company accumulates the following data concerning raw materials in making one gallon of finished

Brief Exercise 25-2 Your answer is partially correct. Try again. Tang Company accumulates the following data concerning raw materials in making one gallon

Brief Exercise 25-2 Your answer is partially correct. Try again. Tang Company accumulates the following data concerning raw materials in making one gallon of finished product: (1) Price-net purchase price $3.29, freight-in $0.45, and receiving and handling $0.32. (2) Quantity-required materials 3.70 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. (b) Standard direct materials quantity per gallon. (c) Total standard materials cost per gallon. 4.06 4.4 pounds 17.9

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