Bakery makes desserts for local restaurants. Each pan of gourmet brownies requires $750$ g$$ flour, $150$ mL chopped$$ pecans, $60$ mL$$ cocoa, $250$ g$$ 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 gourmet brownies by the$$ pan, not by the individual serving. Each pan is currently sold for $ $12.$ Standard costs are $ $1\mathrm{.}92$ per bag of flour $(4$ kg in a$$ bag$),$ $ $6\mathrm{.}00$ per bag of pecans $(750$ mL per$$ bag$),$ $ $2\mathrm{.}50$ per tin of cocoa $(500$ mL per$$ tin$),$ $ $2\mathrm{.}40$ per bag of sugar $(4$ kg in a$$ bag$),$ $ $1\mathrm{.}80$ per bag of chocolate chips $(500$ mL per$$ bag$),$ $ $1\mathrm{.}08$ per dozen$$ eggs, $ $1\mathrm{.}17$ per bottle of oil $(1\mathrm{.}5$ L per$$ bottle$),$ and $ $0\mathrm{.}75$ for packaging materials. The standard wage rate is $ $12$ per hour. Rachel allocates bakery overhead at $ $6\mathrm{.}00$ per oven hour.

Requirements

$1.$ What is the standard cost per pan of gourmet brownies$?$

$2.$ What is the standard gross profit per pan of gourmet brownies$?$

$3.$ How often should Rachel 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 brownies. $($Round your interim and final answers to the nearest$$ cent.$)$

Input

Quantity Standard

Price Standard per unit

Standard Cost of Input

Flour

$750$ g

$\backslash$times

per kg

$=$

Pecans

$150$ mL

$\backslash$times

per $100$ mL

$=$

Cocoa

$60$ mL

$\backslash$times

per $100$ mL

$=$

Sugar

$250$ g

$\backslash$times

per kg

$=$

Chocolate chips

$125$ mL

$\backslash$times

per $100$ mL

$=$

Eggs

$2$

$\backslash$times

per egg

$=$

Oil

$90$ mL

$\backslash$times

per L

$=$

Packaging

$1$ package

$\backslash$times

per package

$=$

Total direct materials

Direct labour

$1/6$ hour

$\backslash$times

per hour

$=$

Bakery overhead

$1/2$ hour

$\backslash$times

per hour

$=$

Total