Required information Skip to question [The following information applies to the questions displayed below.] Lakeway Manufacturing Company manufactures and sells household cleaning products. The company's research department has developed a new cleaner for which a standard cost must be determined. The new cleaner is made by mixing 10 quarts of triphate solution and 3 pounds of sobase granules and boiling the mixture for several minutes. After the solution has cooled, 2 ounces of methage are added. This "recipe" produces 14 quarts of the cleaner, which is then packaged in 1-quart plastic dispenser bottles. Raw material costs are as follows: Triphate solution $ 0.32 per quart Sobase granules 0.84 per pound Methage 1.16 per ounce Bottle 0.07 each c. Explain the process that would be used to develop the direct labor cost standard for the new product