Problem 24-04A a-i (Video) Tamarisk Company uses a standard cost accounting system. In 2020, the company produced 27,500 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $11.00. Normal capacity was 50,500 direct labor hours. During the year, 131,700 pounds of raw materials were purchased at $0.95 per pound. All materials purchased were used during the year. Your answer is incorrect. Try again. If the materials price variance was $2,634 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places, e.g. 2.75.) Standard materials price per pound 0.95 LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM Your answer is incorrect. Try again If the materials quantity variance was $21,049 unfavorable, what was the standard materials quantity per unit? Standard materials quantity per unit pounds