Concord Company uses a standard cost accounting system. In 2022, the compary produced 28,500 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $13.00. Normal capacity was 49,900 direct labor hours. During the year, 131,300 pounds of raw materials were purchased at 50,91 per pound. All materials purchased were used during the year. (a) If the materials price variance was 55,252 favorable, what was) fie standard materials price per pound? (Round answer to 2 decimal places, e.y. 2.75.) Standard materials price per pound