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Deep Cleaning Company ( DCC ) manufactures a powerful cleaning solvent. The main ingredient in the solvent is a raw material called Echol. Information on

Deep Cleaning Company (DCC) manufactures a powerful cleaning solvent. The main ingredient in the solvent is a raw material called Echol. Information on the purchase and use of Echol follows.
Purchase of Echol: Echol is purchased in 20-litre containers at a cost of $210 per container. A discount of 2% is offered by the supplier for payment within 10 days, and DCC takes all discounts. Shipping costs, which DCC must pay, amount to $270 for an average shipment of one hundred 20-litre containers of Echol.
Use of Echo:: The bill of materials calls for 18.72 litres of Echol per bottle of cleaning solvent. About 4% of all Echol used is lost through spillage or evaporation (the 18.72 litres above is the actual content per bottle). In addition, statistical analysis has shown that every 41 st bottle is rejected at final inspection because of contamination.
Required:
Compute the standard purchase price for one litre of Echol. (Do not round Intermedlate calculatlons and round final answer to 2 decimal places.)
Standard price
Compute the standard quantity of Echol (in litres) per saleable bottle of cleaning solvent (Round Intermedlate calculatlons and final onswer to 2 decimal places.)
Standard quantity
litres
Using the data from parts (1) and (2). prepare a standard cost card showing the standard cost of Echol per bottle of cleaning solvent. (Round Intermedlate calculatlons and final answers to 2 decimal places.)
\table[[Item,Standard Quantity,Standard Price,Standard Cost Per],[Echal,,,]]
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