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if possible please show step by step process thanks! Victoria Chocolates, Ltd. makes premium handcrafted chocolate confections in Victoria, British Columbia. The owner of the
if possible please show step by step process thanks!
Victoria Chocolates, Ltd. makes premium handcrafted chocolate confections in Victoria, British Columbia. The owner of the company is setting up a standard costing system and has collected the following data for one of the company's products, the Empire Truffle. This product is made with the finest white chocolate and various fillings. The following data pertain only to the white chocolate used in the product: Material requirements, kilograms of white chocolate per dozern 0.80 kilogram truffles Allowance for waste, kilograms of white chocolate per dozen 0.04 kilogram truffles Allowance for rejects, kilograms of white chocolate per dozern 0.02 kilogram truffles Purchase price, finest-grade white chocolate Purchase discount $10.50 per kilogram 5% of purchase price Shipping cost from the supplier in Belgium S0.50 per kilogram Receiving and handling cost S0.10 per kilogram Required: 1. Determine the standard price of one kilogram of white chocolate. 2. Determine the standard quantity of white chocolate for a dozen truffles. 3. Determine the standard cost of the white chocolate in a dozen trfflesStep by Step Solution
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