Porter Manufacturing Company uses a standard cost accounting system. In 2011, the company produced 28,000 units. Each unit took several pounds of direct materials and 2 standard hours of direct labor at a standard hourly rate of $12.00. Normal capacity was 50,000 direct labor hours. During the year, 53,338 pounds of raw materials were purchased at $1.5 per pound. All materials purchased were used during the year. If the materials price variance was $4,605 favorable, what was the standard materials price per pound