Question 1: Concord'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. Concord'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, $6 per pound of milk chocolate and $16 per pound of almonds. Each pound of cookies requires 1 minute of direct labor in the mixing department and 9 minutes of direct labor in the baking department. The standard labor rates in those departments are $14.60 per direct labor hour (DLH) and $25 per DLH, respectively. Variable overhead is applied at a rate of $33.30 per DLH; fixed overhead is applied at a rate of $60 per DLH Calculate the standard cost for a pound of Concord's double chocolate almond supreme cookies. (Round answecto. 2 desimalplaces e.g. 351) Standard cost per pound