Question: Problems Chpt 24 Question 1 View Policies Current Attempt in Progress Sheffield Company accumulates the following data concerning raw materials in making one gallon of

Problems Chpt 24 Question 1 View Policies Current Attempt in Progress Sheffield Company accumulates the following data concerning raw materials in making one gallon of finished product. (1) Price-net purchase price $2.40, freight-in $0.80, and receiving and handling 50.30. (2) Quantity-required materials 3.10 pounds, allowance for waste and spoilage 0.50 pounds. Compute the following (Round answers to 2 decimal places, s 125) $ (a) Standard direct materials price per gallon. (bl Standard direct materials quantity per gallon Id Total standard materials cost per gallon. pounds $

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