Concord Company uses a standard cost accounting system. In 2022, the company 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 $0.91 per pound. All materials purchased were used during the year. (a) If the materials price variance was $5,252 favorable, what was the standard materials price per pound? (Round answer to 2 decimal ploces, eg. 2.75.) Standard materials price per pound $