Sheffield Company uses a standard cost accounting system. In 2022, 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 $12.00. Normal capacity was 50,300 direct labor hours. During the year, 131,900 pounds of raw materials were purchased at $0.91 per pound. All materials purchased were used during the year. (a) If the materials price variance was $2,638 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places, e.g. 2.75.) Standard materials price per pound $ If the materials quantity variance was $20,367 unfavorable, what was the standard materials quantity per unit? Standard materials quantity per unit pounds