Agrichem manufactures Insect-Be-Gone. Each bag of the product contains 56 pounds of direct materials Twenty percent of the materials evaporate during manufacturing. The budget allows the direct materials to be purchased at S5.00 a pound under terms of 2/10, n/30. The company's stated policy is to take all available cash discounts. Determine the standard direct materials cost for one bag of Insect-Be-Gone. (Do not round intermediate calculations.) Standard direct materials cost per bag