Bohon Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company's only product contains the following information concerning direct materials:

$\backslash$table$[[,$Standard Quantity,Standard Price or$,$Standard$],[$Inputs$,$or Hours,Rate,Cost$],[$Direct materials,$1\mathrm{.}0$ pounds,$$5\mathrm{.}50$ per pound $-,$$$5\mathrm{.}50$