The Bolognese Corporation is in the process of setting price standards for its direct materials. Polymer clay is used in one product. The polymer clay is purchased for $14 per kilogram. The Bolognese Corporation always pays its suppliers within 10 days, so it is able to take advantage of a 5% early payment discount offered by the vendor. Freight-in for the clay is $0.25 per kilogram, while receiving costs are $0.05 per kilogram. What is the standard price per kilogram of polymer clay?
The Bolognese Corporation is in the process of setting price standards for its direct materials….
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