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

Standard price per pound DM	$	8.45
Actual quantity of DM purchased		3,630	pounds
Actual quantity of DM used in production		3,530	pounds
Units of product manufactured		900
DM price variancefavorable	$	1,055
Budget data for the period:
Units of product to manufacture		1,200
Units of DM		4,800	pounds

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