Exercise 10-1 Setting Standards; Preparing a Standard Cost Card [L01] Specialty Chemicals Limited makes a special powder coating for metal surfaces sold in envelope-style pouches. The main ingredient of this powder coating is a chemical known as X43. Information concerning the purchase and use of X43 follows: Purchase ofX43:The raw material X43 is purchased in Sill-kilogram containers at a cost of $125 per kilogram. A discount of 2% is offered by the supplier for payment within 10 days. and Specialty Chemicals takes all discounts. Shipping costs. which Specialty Chemicals must pay. amount to $250 for an average shipment often 50-l