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Lily Company uses a standard cost accounting system. In 2 0 2 7 , the company produced 2 7 , 6 0 0 units. Each

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Lily Company uses a standard cost accounting system. In 2027, the company produced 27,600 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $12.00. Normal capacity was 50,300 direct labor hours. During the year, 130,200 pounds of raw materials were purchased at $0.90 per pound. All materials purchased were used during the year.
If the materials price variance was $5,208 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places, e.g.2.75.)
Standard materials price per pound
$
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If the materials quantity variance was $18,612 unfavorable, what was the standard materials quantity per unit?
Standard materials quantity per unit pounds
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