QUESTION13 SOLUTION

QUESTION13 SOLUTION - Victoria Chocolates, Ltd., makes...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
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 Truffle. This product is made with the finest white chocolate and various fillings. 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 truffles 0.81 kilograms Allowance for waste, kilograms of white chocolate per dozen truffles 0.02 kilograms Allowance for rejects, kilograms of white chocolate per dozen truffles 0.02 kilograms Purchase price, finest grade white chocolate 9 per kilogram Purchase discount 2% of purchase price Shipping cost from the supplier in Belgium 0.45 per kilogram Receiving and handling cost 0.1 per kilogram Requirement 1: Determine the standard price of a kilogram of white chocolate. (Round your answer to 2 decimal places. O The standard price is all the costs incurred in getting the chocolate for production. The standard cost wou
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 6

QUESTION13 SOLUTION - Victoria Chocolates, Ltd., makes...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online