Czepiel Corporation is developing standards for its products. One product requires an input that is purchased for $48.00 per kilogram from the supplier. By paying cash, the company gets a discount of 9% off this purchase price. Shipping costs from the supplier's warehouse amount to $2.84 per kilogram. Receiving costs are $0.59 per kilogram.
Required:
Determine the standard price per kilogram of this input. Show your work!

Question

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The Answer of Czepiel Corporation is developing standards for its products. One product requires an input that is purchased for $48.00 per kilogram from the supplier. By paying cash, the company gets a discount of 9% off this purchase price. Shipping costs from the supplier's warehouse amount to $2.84 per kilogram. Receiving costs are $0.59 per kilogram.
Required:
Determine the standard price per kilogram of this input. Show your work!

Czepiel Corporation Is Developing Standards for Its Products