Answer question $3$ and provide a written short report of explanation as wrll as visual aids

Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: Inputs Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit Direct materials Direct labor Variable manufacturing overhead (1) Standard Quantity or Hours 6 pounds 0.8 hours 0.8 hours Total Standard Cost' $405,000 $270,000 $54,000 (2) Standard Price or Rate $3 per pound $ 15 per hour $3 per hour Standard Cost $ 18.00 1200 2.40 $32.40 Variances Reported Price or Rate S6,900 F $1,300 F Quantity or Efficiency $9,000 U S21,ooo u The company's manufacturing overhead cost is applied to production on the basis of direct labor-hours. All of the materials purchased during the period were used in production. Work in process inventories are insignificant and can be ignored. Required: 3. What was the actual cost per pound of material?