Martin Company 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 30 -litre containers at a cost of $130 per container. A discount of 3% is offered by the supplier for payment within 10 days, and Martin Company takes all discounts. Shipping costs, which Martin Company must pay, amount to $200 for an average shipment of one hundred 30 -litre containers of Echol. Use of Echol: The bill of materials calls for 15.2 litres of Echol per bottle of cleaning solvent. About 5% of all Echol used is lost through spillage or evaporation (the 15.2 litres above is the actua/ content per bottle). In addition, statistical analysis has shown that every 41 st bottle is rejected at final inspection because of contamination. Required: 1. Compute the standard purchase price for one litre of Echol. (Do not round intermediate calculations and round final answer to 2 decimal places.) 2. Compute the standard quantity of Echol (in litres) per saleable bottle of cleaning solvent. (Do not round intermediate calculations and round final answer to 2 decimal places.) 3. Using the data from parts (1) and (2), prepare a standard cost card showing the standard cost of Echol per bottle of cleaning solvent. (Do not round intermediate calculations and round final answer to 2 decimal places.)