Standard Cost Sheet-Materials and Labor. An industrial solvent with the brand name Velocidad is produced by Proveedor Chemical Company in Caracas, Venezuela, and sold in 25 -liter drums. Data with respect to materials and labor are as follows:

1. A batch of 1,500 liters of Velocidad is made from an input of 1,500 liters each of Destino and Promesa. In the boiling operation, 50 percent of the volume of both Destino and Promesa is lost through evaporation.

2. At the end of the boiling operation, 2 kilograms of Bono are added to each 1,500 -liter batch. (This has no measurable effect on volume.)

3. A worker can process one 25 -liter drum in 20 minutes.

4. At the final inspection, two 25 -liter drums are rejected out of every ten drums received from the production line.

5. Standard materials prices and the labor rate (in bolivars) are as follows:

\section*{Required:}
Prepare a standard cost sheet that shows the standard materials and labor cost for each 25 -liter drum of completed product.

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Destino. Promesa Bono.. Labor rate B 200 per liter B 150 per liter B 600 per kilogram B1,200 per hour