Horst Company is a chemical manufacturer that supplies industrial users. The company plans to introduce a new solution and needs to develop a standard product cost for this new solution. 

The new chemical solution is made by combining altium and bollium, boiling the mixture, adding a third compound (credix), and bottling the resulting solution in 20-litre containers. An initial mix of altium and bollium is put through a boiling process, which results in a 20 percent reduction in volume. After reduction, the resulting solution comprises 24 kilograms of altium and 19.2 litres of bollium, and has a total volume of 20 litres. The solution is then cooled slightly before 10 kilograms of credix are added; the addition of credix does not affect the total liquid volume. 

The purchase prices of the raw materials used in the manufacture of this new chemical solution are as follows: 

Altium $1.50 per kilogram 

Bollium 2.10 per litre 

Credix 2.80 per kilogram 

Determine the standard quantity for each of the raw materials needed to produce a 20-litre container of Horst Company’s new chemical solution and the standard materials cost of a 20-litre container of the new product.