The Bolognese Corporation is in the process of setting price standards for its direct materials. Polymer clay

Question:

The Bolognese 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 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?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...