Problem 11-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2014, the company produced 28,500 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 50,160 direct labor hours. During the year, 130,800 pounds of raw materials were purchased at $0.92 per pound. All materials purchased were used during the year. LINK TO TEXT Collapse question part (a) If the materials price variance was $2,616 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places, e.g. 2.75.) A)Standard Material Price per pound = $122,952 / 130,800 = $0.94 B) B.)If the materials quantity variance was $7,755 unfavorable, what was the standard materials quantity per unit?