Lilian's Bakery makes desserts for local restaurants. Each pan of gourmet bars requires 500 g flour, 125 mL chopped pecans, 60 mL cocoa, 250 g sugar, 125 mL chocolate chips, 3 eggs, and 90 mL oil. Each pan requires 15 minutes of direct labour for mixing, cutting, and packaging. Each pan must bake for 30 minutes. Restaurants purchase the gourmet bars by the pan, not by the individual serving. Each pan is currently sold for $10. Standard costs are $1.76 per bag of flour (4 kg in a bag), $6.00 per bag of pecans (750 mL per bag), $2.40 per tin of cocoa (500 mL per tin), $2.20 per bag of sugar (6 kg in a bag), $4.80 per bag of chocolate chips (1,000 mL per bag), $1.56 per dozen eggs, $1.44 per bottle of oil (1.5 L per bottle), and $0.50 for packaging materials. The standard wage rate is $9 per hour. Lilian allocates bakery overhead at $4.90 per oven hour. Requirements 1. What is the standard cost per pan of gourmet bars? 2. What is the standard gross profit per pan of gourmet bars? 3. How often should Lilian reassess her standard quantities and standard prices for inputs? Requirement 1. Complete the following table to determine the standard cost per pan of gourmet bars. (Round your interim and final answers to the nearest cent.) Input Quantity Standard Price Standard Standard Cost of Input Flour 500 g X per kg Pecans 125 ml per 100 mL Cocoa 60 mL X per 100 mL 250 g = Sugar Chocolate chips per kg per 100 mL 125 ml X Eggs 3 per egg Oil 90 mL X per L Packaging 1 pkg per package Total direct materials Direct labour 1/4 hour X per hour Bakery overhead 1/2 hour X per hour Total