A manufacturer wants to produce vinyl flooring. At the feasibility stage, they would like to establish its costing structure to ascertain if local manufacturing would be feasible against the imported vinyl flooring in the market. The manufacturer commissioned a market survey and their findings are given below: Vinyl flooring is manufactured using the following raw materials i.e. PVC, Plasticiser, Calcium Carbonate and Stabiliser.. These raw materials are available locally in the market and can be purchased on per kg basis. Vinyl flooring is currently being imported and they are being sold in the shape of planks with the size of 6 x 36. One plank weighs about 300 grams. Regardless of the plank size, the selling price is provided in Sq. Ft basis. The recipe of vinyl flooring manufacturing has been provided for one batch along with their per kg prices are given below: Chemical Name Quantity (KG) Price (Rs.) PVC 25 400 / lb (pound) Plasticiser 8 395 / lb (pound) Calcium Carbonate 40 15 / kg Stabiliser 2 480 / kg - You are now hired as management consultants by the manufacturer to determine the raw material cost for vinyl flooring in per sq. ft from the information provided above