Question: The Bolognese Corporation is in the process of setting price
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?
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