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London Confections is known for its rich dark chocolate fudge truffies. London sells its fudge truffies to local retailers. A "unit of fudge truffles is a 10-pound batch. The standard quantities of ingredients for a batch include 13 cups of sugar, 16 ounces of chocolate chips, 21 ounces of butter, and 18 ounces of evaporated milk. The standard costs for each of the ingredients are as follows: $0.20 per cup of sugar, $0.15 per ounce of chocolate chips, $0.10 per ounce of butter, and $0.11 per ounce of evaporated milk Calculate the standard direct material cost per batch of fudge truffles. Calculate the standard direct material (DM) cost per batch of fudge truffles. (Enter all dollar amounts to two decimal places.) Standard Quantity Standard Price Standard Cost Sugar par cup Chocolate chips per ounce Butter per ounce Evaporated milk per ounce [ Standard DM cost per batch x )- x