Pato Company produces leather sandals. The company employs a standard costing system and has the following standards for direct materials in order to produce one pair of sandals: standard quantity standard price direct materials 26 pounds $19 per pound During May, Pato purchased 33,900 pounds of direct materials and produced 9,000 pairs of sandals, using 31,000 pounds of direct materials to do so. Pato Company reported the following variances for May: Direct material price variance ........ $23,730 favorable Direct material quantity variance ..... $ 5,400 unfavorable Calculate the actual price paid per pound of direct material purchased by Pato Company in May.