Misemer Corporation Is Developing Standards for Its Products

question 151

Multiple Choice

Misemer Corporation is developing standards for its products. One product requires an input that is purchased for $57.00 per kilogram from the supplier. By paying cash, the company gets a discount of 8% off this purchase price. Shipping costs from the supplier's warehouse amount to $3.60 per kilogram. Receiving costs are $0.26 per kilogram. The standard price per kilogram of this input should be:

• A) $57.70
• B) $56.30
• C) $65.42
• D) $57.00

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Definitions:

Division of Labor

The assignment of different parts of a manufacturing process or task to different people in order to improve efficiency and productivity.

Unity Within Diversity

The concept that highlights cohesiveness and harmony among various groups in society, despite differences in background, culture, or beliefs.

Calorie Control Council

An organization dedicated to providing information and research related to calorie consumption and its impact on health.

Binge Eating Episode

A period marked by excessive consumption of food in a short time frame, often without control and followed by feelings of shame or guilt.