Danny 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. Danny's standard direct materials cost for batch of cookies is $0.80 for peanut butter, $0.15for sugar and $0.10for an egg. In addition, the cookies are packaged by the dozen in cardboard containers costing $0.24each. One batch of cookies requires4minutes preparation time,8minutes of cooking time, and3minutes of packaging time. The standard wage rate is $8per hour. Overhead is applied at50% of direct labor cost. What would be the standard cost for a dozen cookies(one batch)?