The standard cost card for one unit of a certain finished product shows the following:

	Standard Quantity	Standard Price
Direct Materials	10 pounds	$ ? per pound
Direct Labor	2.5 hours	$16 per hour
Variable Manufacturing Overhead	1.5 hours	$10 per hour

If the total standard variable cost for one unit of finished product is $85, then the standard price per pound for direct materials is:

$5.90

$3.00

$4.60

$1.74