The Geurtz Company uses standard costing. The company makes and sells a single product called a Roff. The following data are for the month of August:

%u2022	Actual cost of direct material purchased and used: $115,010
%u2022	Material price variance: $6,510 unfavorable
%u2022	Total materials variance: $28,510 unfavorable
%u2022	Standard cost per pound of material: $5
%u2022	Standard cost per direct labor-hour: $8
%u2022	Actual direct labor-hours: 6,320 hours
%u2022	Labor efficiency variance: $4,800 favorable
%u2022	Standard number of direct labor-hours per unit of Roff: 2 hours
%u2022	Total labor variance: $1,008 unfavorable

The actual material cost per pound was: (Round your final answer to 2 decimal places.)

	$3.00
	$5.00
	$5.30
	$5.63