Question

CH 24 HW 7th e (**) Next < Prev Send to Gradebook /1 Question 7 View Policies Current Attempt in Progress Tang Company accumulates the folllowing data concerning raw materials in making its finished product: (1) Price per pound of raw materlals-net purchase price $3.30, freight-in $0.80, and receiving and handling $0.30. (2) Quantity per gallon of finished product-required materials 3.50 pounds, allowance for waste and spoilage 0.60 pounds.. Compute the following. (Round answers to 2 decimal places, eg. 1.25) $ (a) Standard direct materials price per pound of raw materials pounds Standard direct materials quantity per gallon. (b) (c) Total standard materials cost per gallon. eTextbook and Media Attempts: 0 of 4 used Submit Answer Save for Later Using multiple attempts will impact your score. 25% crore reduction after attemnt 3.

Answer 1

a) Standard direct material price per pound = 3.30+.80+.30 = 4.40

b) Standard direct material quantity per gallon = 3.50+.60 = 4.10 pounds

c) Total Standard material cost per gallon = (4.4*4.1) = $18.04