Brief Exercise 23-2 Tang Company accumulates the following data concerning raw m

Question

Brief Exercise 23-2 Tang Company accumulates the following data concerning raw materials in making one gallon of finished product: (1) Price-net purchase price $2.79, freight-in $0.79, and receiving and handling $0.45. (2) Quantity-required materials 3.55 pounds, allowance for waste and spoilage 0.80 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 Click if you would like to Show Work for this question: Open Show Work pounds

Explanation / Answer

note:

a.direct materials price per gallon :

direct materials quantity per gallon:

c.standard materials cost per gallon = (standard direct materials price per gallon * direct materials quantity per gallon)

=> ($4.03 * 4.35 pounds)

=> $17.53.

a.standard direct materials price per gallon $4.03 b.standard direct materials quantity per gallon 4.35 pounds c.Total standard materials cost per gallon $17.53

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