Maria's Bakery makes desserts for local restaurants. Each pan of gourmet bars requires $500g$ flour, $150mL$ chopped pecans, $60mL$ pan requires $15$ minutes of direct labour for mixing, cutting, and packaging. Each pan must bake for $30m(750mL$ per bag$),$ $$3\mathrm{.}20$ per tin of cocoa $(500mL$ per tin$),$ $$2\mathrm{.}40pe$ currently sold for $$11.$ Standard costs are $$1\mathrm{.}60$ per bag of flour $(4kg$ in a bag$),$ $$9\mathrm{.}00$ per bag of per bag of chocolate chips $(500mL$ per bag$),$ $$1\mathrm{.}20$ per dozen eggs, $$1\mathrm{.}26$ per bottle of oil $(1\mathrm{.}5L$ per bot overhead at $$4\mathrm{.}80$ per oven hour.

Requirements

What is the standard cost per pan of gourmet bars?

What is the standard gross profit per pan of gourmet bars?

How often should Maria 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.$)$