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?
Answer to relevant QuestionsRefer to the Creative Bubbles data in P10-69B. The company sold 70,000 bubble kits during December, and its actual operating income was as follows: Green Garden Supplies makes ground covers to prevent weed growth. During May, the company sold 44,300 rolls and recorded the following cost data: Requirements 1. Compute the price and efficiency variances for direct ...List the segments as reported in the annual report. Make a table listing each operating segment, its revenues, income, and assets. Explain why using financial statements as the sole performance evaluation tool for a company is probably not a good idea. What issues can arise from using only financial measures for performance evaluation? Refer to the Racer Sports Data Set. Compute each division’s RI. Interpret your results. Are your results consistent with each division’s ROI? Racer Sports Company makes snowboards, downhill skis, cross-country skis, ...
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