K users. Your superior has asked you to develop a standard 1. Determine the standard quantity for each of the product cost for a new solution the company plans to Minimize raw materials needed to produce 21 liters of introduce. Beaumont Chemical Company's new chemical i(Click the icon to view data on the new chemical solution.) solution and the total standard materials cost of 21 liters of the new product. The purchase prices of the raw materials used in the manufacture of this new chemical solution are as follows: (Click the icon to view the purchase prices.) Begin by determining the standard quantity and standard material cost of each raw material to produce 21 liters of the new product. Standard quantity Standard cost Altium kg X Data table More info The new chemical solution is made by combining altium and bollium, boiling the Altium $1.50 per kilogram mixture, adding credix, and bottling the resulting solution in 21-liter containers. T Bollium $4.70 per liter initial mix, which is 21 liters in volume, consists of 35 kilograms of altium and 20.3 liters of bollium. A 30% reduction in volume occurs during the boiling process. Th Credix $3.50 per kilogram solution is then cooled slightly before adding 5 kilograms of credix to each 21-liter container; the addition of credix does not affect the total liquid volume. Print Done Print Done