Zoe Company Corporation manufactures a variety of liquid lawn fertilizers, including a very popular product called SuperFood. Data about SuperFood and XP, a major ingredient, follow. Expected operations:

XP is purchased in 55-gallon drums at a cost of $65 per drum. A 2% cash discount is offered by XP's manufacturer for prompt payment of invoices, and Vanderhaus takes advantage of all discounts offered.

Vanderhaus normally purchases 200 drums of XP at a time, paying shipping fees of $2,660 per shipment. Each gallon of SuperFood requires three quarts of XP; however, because of evaporation and spills, Zoe loses 4% of of all XP that enters production. Actual operations:

For the period just ended, Zoe purchased 1,500 drums of XP at a total cost of $118,100, which reflects discounts and shipping. There was no beginning inventory, but an end-of-period inventory revealed that 30 drums were still on hand.

Manufacturing activity output totaled 104,000 gallons of SuperFood. Compute the material price standard