Victoria Chocolates, Ltd. makes premium handcrafted chocolate confections in Victoria, British Columbia. The owner of the company is setting up a standard costing system and has collected the following data for one of the company’s products, the Empire Truffle. This product is made with the finest white chocolate and various fillings. The following data pertain only to the white chocolate used in the product:

Material requirements, kilograms of white chocolate per dozen truffles..........................0.80 kilogram
Allowance for waste, kilograms of white chocolate per dozen truffles..............................0.04 kilogram
Allowance for rejects, kilograms of white chocolate per dozen truffles.............................0.02 kilogram
Purchase price, finest-grade white chocolate.............................................................$10.50 per kilogram
Purchase discount.........................................................................................................5% of purchase price
Shipping cost from the supplier in Belgium...................................................................$0.50 per kilogram
Receiving and handling cost.............................................................................................$0.10 per kilogram

Required:

1. Determine the standard price of one kilogram of white chocolate.

2. Determine the standard quantity of white chocolate for a dozen truffles.

3. Determine the standard cost of the white chocolate in a dozen truffles.