Kansas Company uses a standard cost accounting system. In 2017, 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 $11.00. Normal capacity was 49,800 direct labor hours. During the year, 131,700 pounds of raw materials were purchased at $0.90 per pound. All materials purchased were used during the year (a) If the materials price variance was $5,268 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places, e.g. 2.75. Standard materials price per pound s Click if you would like to Show Work for this question: Open Shaw Wors LINK TO TEXT LINK TO TEXT used SAVERLATER SUBMIT ANSWER Attemntsr of