Cindy's Bakery makes desserts for local restaurants. Each pan of gourmet cookies requires 750 g flour, 125 mL chopped pecans, 60 mL cocoa, 500 g sugar, 125 mL chocolate chips, 3 eggs, and 90 mL oil. Each pan requires 20 minutes of direct labour for mixing, cutting, and packaging. Each pan must bake for 30 minutes. Restaurants purchase the gourmet cookies by the pan, not by the individual serving. Each pan is currently sold for $13. Standard costs are $2.64 per bag of flour (8 kg in a bag), $3.00 per bag of pecans (750 mL per bag), $2.72 per tin of cocoa (500 mL per tin), 51.65 per bag of sugar (6 kg in a bag), $2.40 per bag of chocolate chips (750 mL per bag), $1.68 per dozen eggs, $1.44 per bottle of oil (1.5 L per bottle), and $0.40 for packaging materials. The standard wage rate is $15 per hour. Cindy allocates bakery overhead at $4.80 per oven hour. Requirements 1. What is the standard cost per pan of gourmet cookies? 2. What is the standard gross profit per pan of gourmet cookies? 3. How often should Cindy reassess her standard quantities and standard prices for inputs? Requirement 1. Complete the following table to determine the standard cost per pan of gourmet cookies. (Round your interim and final answers to the nearest cent.) Input Quantity Standard Price Standard Standard Cost of Input Flour 750 g X per kg = Pecans 125 ml per 100 ml [Cocoa 60 mL per 100 mL per kg Sugar Chocolate chips Eggs 500 g 125 ml per 100 mL 3 per egg = Oil 90 mL per L = 1 pkg per package Packaging Total direct materials Direct labour 1/3 hour per hour Bakery overhead 1/2 hour per hour Total