Tommy's Toys produces two types of toys: trains and dolls. Tommy's uses stainless steel to manufacture the trains and plastic to manufacture the dolls. Information regarding the usage of steel and plastic for the past year follows:

Product Names	Steel	Plastic
Direct materials information
Standard pounds per unit	3 lb.	1.5 lb.
Standard Price (SP) per pound	$2.75	?
Actual Quantity (AQ) used per unit	2.5 lbs.	3.00 lbs.
Actual Price (AP) paid for material	$2.50	$1.50
Actual Quantity Purchased (AQP) and used	3000 lbs.	1100 lbs.
Price variance	?	$8250 F
Quantity variance	$309 U	?
Flexible budget variance	?	$150 F
Number of units produced	225	600

What is the standard direct material price per pound for the plastic in the dolls?

step by step please