Determine the standard quantity for each of the raw materials needed to produce
the raw materials needed to produce22 of Norfolk Chemical Company's new chemical solution and the total standard materials cost of 22 of the new product.
The new chemical solution is made by combining altium and bollium, boiling themixture, adding credix, and bottling the resulting solution in 22 liter containers. The initial mix, which is 22 liters in volume, consists of 15 kilograms of altium and 21.6 liters of bollium. A 40% reduction in volume occurs during the boiling process. The solution is then cooled slightly before adding 12 kilograms of credix to each 22 liter container; the addition of credix does not affect the total liquid volume.
Altium $2.10 per kg
Bollium $5.60 per liter
Credit $2.80 per kilogram