The Brighton Corporation is in the process of setting price standards for its direct materials. Polymer clay is used in one product. The polymer clay is purchased for $12 per kilogram. The Brighton Corporation always pays its suppliers within 10 days, so it is able to take advantage of a 4 % early payment discount offered by the vendor. Freight-in for the clay is per kilogram, while receiving costs are $0.26 per kilogram. What is the standard price per $0.03 kilogram of polymer clay? Question content area bottom Part 1 Select the labels of the items included in the standard price, and then compute the standard price per kilogram of clay. (Enter all amounts in dollars, rounding to the nearest cent as needed. Use parentheses or a minus sign for numbers to be subtracted.)