Porter Manufacturing Company uses a standard oost accounting system. During the current yeac, the company produced 28 ,ooo units. Each unit lock severia pounds of divet materials and 2 standard hours of direct labor at a standard hourly fate of $12.00. Normal capacty was 50,000 direct labor hours. During the year, 59241 pound of taw matariah were purchased at $1.5 per pound. All materials purchased were used during the yoar. If the materials price variance was $5595 untavorable. what was the standard materials price per pound? Roound your answer to 2 decimals