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Question 2 Tang Company accumulates the following dataconcerning raw materials in making its finished product: (1) Priceper pound of raw materials—net purchase price $2.90, freight-in$0.40, and receiving and handling $0.20. (2) Quantity per gallon offinished product—required materials 3.20 pounds, allowance forwaste and spoilage 0.90 pounds. Compute the following. (Roundanswers to 2 decimal places, e.g. 1.25.) (a) Standard directmaterials price per pound of raw materials. $ (b) Standard directmaterials quantity per gallon. pounds (c) Total standard materialscost per gallon. $ Click if you would like to Show Work for thisquestion: Open Show Work