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The following information applies to the questions displayed below. Lakeway Manufacturing Co. manufactures and sells household cleaning products. The company's research department has developed a
The following information applies to the questions displayed below. Lakeway Manufacturing Co. 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 11 quarts of triphate solution and 5 pounds of sobase granules and boiling the mixture for several minutes. After the solution has cooled, 4 ounces of methage are added. This recipe" produces 6 quarts of the cleaner, which is then packaged in 1-quart plastic dispenser bottles. Raw material costs are as follows: Triphate solution Sobase granules Methage Bottle 0.31 per quart 0.76 per pound 1.19 per ounce 0.15 each value Required Information 10.00 points Required: 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
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