Persechino Corporation is developing standards for its products. One product requires an input that is purchased for $88 per kilogram from the supplier. By paying cash, the company gets a discount of 1% off this purchase price. Shipping costs from the supplier's warehouse amount to $6.21 per kilogram. Receiving costs are $0.61 per kilogram. The standard price per kilogram of this input should be:
$95.70© BrainMass Inc. brainmass.com June 3, 2020, 9:58 pm ad1c9bdddf
This provides the steps to calculate the standard price per kilogram. It uses simple step by step formula to solve the problem.