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 7 quarts of triphate solution and 4 pounds of sobase granules and boiling the mixture for several minutes. After the solution has cooled, 1 ounces of methage are added. This "recipe" produces 5 quarts of the cleaner, which is then p?ckaged in 1-quart plastic dispenser bottles. Raw material costs are as follows: $ 0.29 per quart Triphate solution Sobase granules Methage Bottle 0.79 per pound 1.21 per ounce 0.14 each Required information value: 1.00 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.) Refere eBook & Resources