Norio Manufacturing uses powdered plastics (PPS) to manufacture a high-pressure board used in a digital equipment product, Flex 10. Information concerning its operation in June is as follows: Budgeted units of Flex 10 for June Budgeted usage of PPS Actual number of units of Flex 10 manufactured PPS purchased PPS used Total actual cost of PPS used Direct materials usage variance 6,300 56,700 pounds 5,300 70,520 pounds 52,000 pounds $309,920 $ 35,260 unfavorable The standard cost per pound of PPS (to two decimal places) is