Check my work 1 Specialty Chemicals Limited makes a special powder coating for metal surfaces sold in envelope-style pouches. The main ingredient of this powder coating is a chemical known as X43. Information concerning the purchase and use of X43 follows: 10 points eBook Purchase of X43: The raw material X43 is purchased in 50- kilogram containers at a cost of $125 per kilogram. A discount of 2% is offered by the supplier for payment within 10 days, and Specialty Chemicals takes all discounts. Shipping costs, which Specialty Chemicals must pay, amount to $250 for an average shipment of ten 50-kilogram containers. Print References Use of X43: The bill of materials calls for 800 grams of X43 per pouch of powder coating. About 5% of all X43 purchased is rejected as unsuitable and is not used to make the powder coating. Thus, on average the 480 grams of suitable X43 required for each pouch of powder coating represents 96% of the amount that initially goes into production. 3. Using the data from (1) and (2) above, prepare a standard cost card showing the standard cost of X43 per pouch of powder coating. (Do not round intermediate calculations. Round "Standard Price per Kilogram" answer to 3 decimal places and "Standard Cost per pouch" answer to 2 decimal places.) Standard Standard Quantity per pouch Price per Item Kilogram $ 123.000 Standard Cost per pouch $ 61.50 X43 500 grams