Question on standard price per kilogram

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Reference no: EM1349027

Misemer Corporation is developing standards for its products. One product requires an input that is purchased for $57.00 per kilogram from the supplier. By paying cash, the company gets a discount of 8% off this purchase price. Shipping costs from the supplier's warehouse amount to $3.60 per kilogram. Receiving costs are $0.26 per kilogram. The standard price per kilogram of this input should be:

a. $57.70

b. $56.30

c. $65.42

d. $57.00

Reference no: EM1349027

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