MDA Incorporated processes corn into corn starch and corn syrup. The company's productivity and cost standards follow:

From every bushel of corn processed, $10$ pounds of starch and $7$ pounds of syrup should be produced.

Standard direct labor and variable overhead total $$0\mathrm{.}51$ per bushel of corn processed.

Standard fixed overhead $($the predetermined fixed overhead application rate$)$ is $$0\mathrm{.}46$ per bushel processed.

Required:

a$.$ Calculate the standard absorption cost per pound for the starch and syrup produced from the processing of $15,000$ bushels of corn

if the average cost per bushel is $$2\mathrm{.}00.$

b$.$ Comment about the usefulness of this standard cost for management planning and control purposes.

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Calculate the standard absorption cost per pound for the starch and syrup produced from the processing of $15,000$ bushels of

corn if the average cost per bushel is $$2\mathrm{.}00.$

Note: Do not round intermediate calculations. Round final answer to $3$ decimal places.