Danny's Delights is a wholesale bakery.

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 a batch of cookies is $0.80 for peanut butter, $0.16 for sugar and $0.10 for an egg.

In addition, the cookies are packaged, by the dozen, in cardboard containers costing $0.26 each.

One batch of cookies requires 4 minutes preparation time, 8 minutes of cooking time and 3 minutes of packaging time.

The standard wage rate is $9 per hour.

Overhead is applied at 40% of direct labor cost.

Required:

Calculate the standard cost for a batch (1 dozen) of peanut butter cookies.