Victoria Chocolates, Ltd$.,$ makes premium handcrafted chocolate confections in London. The owner of the company is setting up a standard cost system and has collected the following data for one of the company$$s products, the Empire Truffl e$.$ This product is made with the fi nest white chocolate and various fi llings. The data below pertain only to the white chocolate used in the product $($the currency is stated in pounds denoted here as $)$: Material requirements, kilograms of white chocolate per dozen truffl es $.0\mathrm{.}70$ kilograms Allowance for waste, kilograms of white chocolate per dozen truffl es $...0\mathrm{.}03$ kilograms Allowance for rejects, kilograms of white chocolate per dozen truffl es $..0\mathrm{.}02$ kilograms Purchase