Exercise 24-09 a-e (Part Level Submission) You have been given the following information about the production of Sunland Co., and are asked to provide the plant manager with information for a meeting with the vice president of operations. Direct materials (5 pounds at 55 per pound) Direct labor (0.90 hours at $10) Variable overhead (0.90 hours at $4 per hour) Fixed overhead (0.90 hours at $9 per hour) Standard Cost Card $25.00 9.00 3.60 8.10 $45.70 The following is a variance report for the most recent period of operations. Costs Direct materials Direct labor Total Standard Cost $405,000 145,800 Variances Price Quantity $8,298 F $9,900 U 4,590 U 7,200 0 (b) (c) What was the actual cost per pound of raw materials? (Round answer to 2 decimal places, e.g. 1.25.) Actual cost per pound of raw materials /lb