Sunland Company uses a standard cost accounting system. In 2022, the company produced 28,400 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 50,300 direct labor hours. During the year, 130,700 pounds of raw materials were purchased at 50,95 per pound. Al materials purchased were used during the year. (a) Your answer is correct. If the materials price variance was $2,614 favorable, what was the standard materials price per pound? (Round answer to 2 decimol places, eg. 275. Standard materias price per pound What were the standard hours allowed for the units produced? Standard hours allowed hours eTextbook and Media Attempts: 0 of 3 used