jenny's Bakery makes desserts for local restaurants. Each pan of gourmet cookies requires 750 g flour, 150 mL chopped pecans, 60 mL cocoa, 500g sugar, 125 mL chocolate chips, 2 eggs, and 90 mL oil. Each pan requires 10 minutes of direct labour for mixing, cutting, and packaging. Each pan must bake for 30 minutes. Restaurants purchase the gourmetcookies by the pan, not by the individual serving. Each pan is currently sold for 14 . Standard costs are 2.64 per bag of flour ( 8 kg in a bag), 12.00 per bag of pecans ( 1000 mL per bag), 3.72 per tin of cocoa ( 750 mL per tin), 1.20 per bag of sugar ( 5 kg in a bag), 3.30 per bag of chocolate chips ( 750 mL per bag),0.84 per dozen eggs, 1.92 per bottle of oil ( 2 L per bottle), and0.60 for packaging materials. The standard wage rate is12 per hour. allocates bakery overhead at5.00 per oven hour. Requirements 1. What is the standard cost per pan of gourmet ? 2. What is the standard gross profit per pan of gourmet ? 3. How often should reassess her standard quantities and standard prices for inputs?

Question content area bottom Part 1 Requirement 1. Complete the following table to determine the standard cost per pan of gourmet . (Round your interim and final answers to the nearest cent.) Input Quantity Standard Price Standard per unit Standard Cost of Input Flour 750 g per kg = Pecans 150 mL per 100 mL = Cocoa 60 mL per 100 mL = Sugar 500 g per kg = Chocolate chips 125 mL per 100 mL = Eggs 2 per egg = Oil 90 mL per L = Packaging 1 package per package = Total direct materials Direct labour 1/6 hour per hour = Bakery overhead 1/2 hour per hour = Total