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Sally's Chocolate Company makes gourmet cupcakes which are sold by the dozen. Compute the standard cost for one dozen cupcakes, based on the following standards:

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Sally's Chocolate Company makes gourmet cupcakes which are sold by the dozen. Compute the standard cost for one dozen cupcakes, based on the following standards: Standard material quantity: 4.25 cups of ingredients at $0.56 per cup Standard labor: 1.10 hours at $8.30 per hour Factory overhead: $3.80 per direct labor hour Round your answer to two decimal places. Total standard cost $

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