Daniel's Delights is a wholesale bakery. Daniel makes a variety of baked goods which he sells to restaurants and grocery stores. His best-selling item is a peanut butter cookie. The recipe calls for 1 cup of peanut butter, 1 cup of sugar and 1 egg. Each recipe makes a batch of one dozen cookies. Daniel's standard direct materials cost for batch of cookies is $0.89 for peanut butter, $0.16 for sugar and $0.11 for an egg. In addition, the cookies are packaged by the dozen in cardboard containers costing $0.25 each. One batch of cookies requires 4 minutes preparation time, 9 minutes of cooking time, and 2 minutes of packaging time. The standard wage rate is $14 per hour. Overhead is applied at 50% of direct labor cost. Calculate the standard cost for a batch (1 dozen) of peanut butter cookies. (Round answers to 2 decimal places, e.g. 52.75.) Standard cost for a dozen cookies $