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Menchie Corporation is developing standards for its products. One product requires an input that is purchased for P57.00 per kilogram from the supplier. By paying cash, the company gets a discount of 8% off this purchase price. Shipping costs from the supplier's warehouse amount to P3.60 per kilogram. Receiving costs are P0.26 per kilogram. The standard price per kilogram of this input should be: A.P 57.70 В. Р 56.30 С. Р 65.42 D. P 57.00

Menchie Corporation is developing standards for its products. One product requires an input that is purchased for P57.00 per kilogram from the supplier. By paying cash, the company gets a discount of 8% off this purchase price. Shipping costs from the supplier's warehouse amount to P3.60 per kilogram. Receiving costs are P0.26 per kilogram. The standard price per kilogram of this input should be: A.P 57.70 В. Р 56.30 С. Р 65.42 D. P 57.00

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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 12. Menchie Corporation is developing standards for its products. One product requires an input that is purchased for P57.00 per kilogram from the supplier. By paying cash, the company gets a discount of 8% off this purchase price. Shipping costs from the supplier's warehouse amount to P3.60 per kilogram. Receiving costs are P0.26 per kilogram. The standard price per kilogram of this input should be:

A.P 57.70 В. Р 56.30 С. Р 65.42 D. P 57.00

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