Brief Exercise 25-2 Tang Company accumu lates the following data concerning raw

Question

Brief Exercise 25-2 Tang Company accumu lates the following data concerning raw materials in making one gallon of finished product: (1) Price-net purchase price $3.14, freight-in $0.68, and receiving and handling $0.28. (2) Quantity-required materials 3.03 pounds, allowance for waste and spoilage Compute the following. (Round answers to 2 decimal places, e.g. 1.25.) (a) Standard direct materials price per gallon. (b) Standard direct materias quantity per gallon (c) Total standard materials cost per gallion

Explanation / Answer

Dear Student Thank you for using Chegg Please find below the answer and please give thumbs up   Statementshowing Computations Paticulars Amount Net purchase price                         3.14 Freight In                         0.68 Receiving and handling                         0.28 a) Standard direct material price per gallon                         4.10 Required Materials                         3.03 Allowance for wastage and spoilage                         0.57 b) Standard Direct material quantity per Gallon                         3.60 C) Total standard materials cost per gallon = 4.10 * 3.60                      14.76

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