a. Using the preceding data, calculate the raw material cost for one bottle of the new cleaner. (Do not round intermediate calculations. Round final answer to 3 decimal places.) per bottle References eBook & Resources Worksheet Learning Objective: 14-09 Explain why and how standards are useful in the planning and control process. Difficulty: 2 Medium Learning Objective: 14-10 Determine how the standard cost of a product is developed. Check my work value: Required information 0.00 points b. Assume that the preceding costs are the current best estimates of the costs at which required quantities of the raw material can be purchased. What other factors would you recommend to be considered in establishing the raw material cost standard for the new cleaner? (Select all that apply) Decrease in selling price Possible cost increases during coming yea Spillage /spoilage /waste in the manufacturing process Change in the labor cost a. Using the preceding data, calculate the raw material cost for one bottle of the new cleaner. (Do not round intermediate calculations. Round final answer to 3 decimal places.) per bottle References eBook & Resources Worksheet Learning Objective: 14-09 Explain why and how standards are useful in the planning and control process. Difficulty: 2 Medium Learning Objective: 14-10 Determine how the standard cost of a product is developed. Check my work value: Required information 0.00 points b. Assume that the preceding costs are the current best estimates of the costs at which required quantities of the raw material can be purchased. What other factors would you recommend to be considered in establishing the raw material cost standard for the new cleaner? (Select all that apply) Decrease in selling price Possible cost increases during coming yea Spillage /spoilage /waste in the manufacturing process Change in the labor cost