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Agnessa Premium Chocolate Ltd. produces specialty chocolate confections in England. The owner of the company is setting up a standard costing system; the following
Agnessa Premium Chocolate Ltd. produces specialty chocolate confections in England. The owner of the company is setting up a standard costing system; the following data are for one of the company's products, the Truffle Supreme, made with the finest white chocolate and various fillings. The data below pertain only to the white chocolate used in the product. (The currency in the United Kingdom is the British pound sterling, which is denoted by .) Material requirements, kilograms of white chocolate per dozen truffles Allowance for waste, kilograms of white chocolate per dozen truffles Allowance for rejects, kilograms of white chocolate per dozen truffles Purchase price, finest-grade white chocolate Purchase discount Shipping cost from the supplier in Belgium Receiving and handling cost 0.80 kilograms 0.02 kilograms 0.03 kilograms 9.00 per kilogram 5% of purchase price 0. 20 per kilogram 0.05 per kilogram Required: 1. Determine the standard price of a kilogram of white chocolate. (Round your answer to 2 decimal places.) Standard price per kilogram 2. Determine the standard quantity of white chocolate for a dozen truffles. (Round your answer to 2 decimal places.) Standard quantity kilogram
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