Chapter 14 Homework 0 Saved Help Save 8. Exit Submit 9 Exercise 14-17 (Algo) Standard absorption cost per unit LO 14-9,14-1O MDA Incorporated processes corn into corn starch and corn syrup. The company's productivity and cost standards follow: . From every bushel of corn processed, 11 pounds of starch and 4 pounds of syrup should be produced 2 _ . Standard direct labor and variable overhead total $0.52 per bushel of corn processed. poms - Standard fixed overhead (the predetermined fixed overhead application rate) is $0.39 per bushel processed. Required: 680\" a. Calculate the standard absorption cost per pound for the starch and syrup produced from the processing of 13,500 bushels of corn Hm if the average cost per bushel is $2.30. b. Comment about the usefulness of this standard cost for management planning and control purposes. References Complete this question by entering your answers in the tabs below. RequiredA i RequiredB Calculate the standard absorption cost per pound for the starch and syrup produced from the processing of 13,500 bushels of corn if the average cost per bushel is $2.30. Note: Do not round intermediate calculations. Round nal answer to 3 decimal places. Required 3 > Standard absorption cost per pound