Requirements 1. What is the standard cost per pan of gourmet cookies? 2. What is the standard gross profit per pan of gourmet cookies? 3. How often should Jenny reassess her standard quantities and standard prices for inputs? Jenny's Bakery makes desserts for local restaurants. Each pan of gourmet cookies requires 750 g flour, 150 mL chopped pecans, 60 mL cocoa, 500 g sugar, 125 mL chocolate chips, 3 eggs, and 90 mL oil. Each pan requires 15 minutes of direct labour for mixing, cutting, and packaging. Each pan must bake for 30 minutes. Restaurants purchase the gourmet cookies by the pan, not by the individual serving. Each pan is currently sold for $12. Standard costs are $3.36 per bag of flour (8 kg in a bag), $4.00 per bag of pecans (1,000 mL per bag). $4.32 per tin of cocoa (750 mL per tin), $1.20 per bag of sugar (5 kg in a bag). $1.60 per bag of chocolate chips (500 mL per bag), $1.44 per dozen eggs, $2.16 per bottle of oil (2 L per bottle), and $0.50 for packaging materials. The standard wage rate is $9 per hour. Jenny allocates bakery overhead at $5.00 per oven hour. Requirement 1. Complete the following table to determine the standard cost per pan of gourmet cookies. (Round your interim and final answers to the nearest cent.) Input Quantity Standard Price Standard per unit Standard Cost of Input per kg per 100 mL per 100 mL per kg per 100 mL Flour Pecans Cocoa Sugar Chocolate chips Eggs Oil Packaging Total direct materials Direct labour Bakery overhead Total 750 g * 150 mL T 60 mL * 500 X 9 125 mL * 3 x 90 mL * 1 package 1/4 hour 1/2 hour * per egg per L per package per hour per hour 11 IL It 11 Binan || 0 of 1 Save