Below is the information regarding products and direct materials (DM) of a company for October:

Standard price per pound DM	$	7.45
Actual quantity of DM purchased		3,250	pounds
Actual quantity of DM used in production		3,150	pounds
Units of product manufactured		800
DM price variancefavorable	$	955
Budget data for the period:
Units of product to manufacture		1,100
Units of DM		4,400	pounds

What should be the actual purchase price per pound of direct materials?