Question 1 of 9 ./1 III View Policies Current Attempt in Progress Waterway'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. Waterway'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. $7 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 $13,00 per direct labor hour (DLH) and $27 per DLH, respectively. Variable overhead is applied at a rate of $40.20 per DLH;fixed overhead is applied at a rate of $60 per DLH. Calculate the standard cost for a pound of Waterway's double chocolate almond supreme cookies. (Round answer to 2 decimal places, eg. 3.51.) $ Standard cost per pound eTextbook and Media Save for Later Attempts: 0 of 3 used Submit