Exercise 5-6 Coronado's Bakery makes a variety of home-style cookies for upscale restaurants in the Atlanta metropolitan area. The company's best-selling cookie is the double chocolate almond supreme. Coronado's recipe requires 10 ounces of a commercial cookie mix, 5 ounces of milk chocolate, and 1 ounce of almonds per pound of cookies. The standard direct materials costs are $0.80 per pound of cookie mix, $4 per pound of milk chocolate, and $15 per pound of almonds. Each pound of cookies requires 1 minute of direct labor in the mixing department and 6 minutes of direct labor in the baking department. The standard labor rates in those departments are $12.60 per direct labor hour (DLH) and $28 per DLH, respectively. Variable overhead is applied at a rate of $37.70 per DLH; fixed overhead is applied at a rate of $60 per DLH. Calculate the standard cost for a pound of Coronado's double chocolate almond supreme cookies. (Round answer to 2 decimal places, e.g. 3.51.) Standard cost per pound Click if you would like to Show Work for this question: Open Show Work By accessing this question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Question Attempts: 0 of 2 used SAVE FOR LATER SUBMIT ANSWER % Earn Maximum Points available only if you answer this question correctly in your first attempt