provide correct answer general accounting Misemer Corporation is developing standards for its products. Oneproduct requires an input that is purchased for $57.00 per kilogramfrom the supplier. By paying cash, the company gets a discount of 8%off this purchase price. Shipping costs from the supplier's warehouseamount to $3.60 per kilogram. Receiving costs are $0.26 per kilogram.The standard price per kilogram of this input should be:a. $65.42b. $57.70c. $56.30d. $57.00

Step 1: Definition of Standard CostingStandard costing involves estimating costs for all the…

Answered: Misemer Corporation is developing…

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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