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MDA Incorporated processes com into corn starch and corn syrup. The company's productivity and cost standards follow: - From every bushel of com processed, 11 pounds of starch and 3 pounds of syrup should be produced. - Standard direct labor and variable overhead total $0.48 per bushel of corn processed. - Standard fixed overhead (the predetermined fixed overhead application rate) is $0.42 per bushel processed. Required: a. Calculate the standard absorption cost per pound for the starch and syrup produced from the processing of 15,500 bushels of corr If the average cost per bushet is $2.39. b. Comment about the usefulness of this standard cost for management planning and control purposes. Complete this question by entering your answers in the tabs below. Calculate the standard absorption cost per pound for the starch and syrup produced from the processing of 15,500 bushels of com if the average cost per bushel is 32.39. Noth: Do not round intermediate calculations. Round final answer to 3 decimal places. MDA Incorporated processes com into corn starch and com syrup. The company's productivity and cost standards follow: - From every bushel of com processed, 11 pounds of starch and 3 pounds of syrup should be produced. - Standard direct labor and variable overhead total $0.48 per bushel of corn processed. - Standard fixed overhead (the predetermined fixed overhead application rate) is $0.42 per bushel processed. Required: a. Calculate the standard absorption cost per pound for the starch and syrup produced from the processing of 15,500 bushels of corn If the average cost per bushel is $2.39. b. Comment about the usefulness of this standard cost for management planning and control purposes. Complete this question by entering your answers in the tabs below. Comment about the usefuiness of this standard cost for management planning and control purposes