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 2 lb. 1.5 lb. Standard Price (SP) per pound $2.75 Actual Quantity (AQ) used per unit 2.5 lbs. 2 lbs. Actual Price (AP) paid for material $2.00 $2.50 Actual Quantity Purchased (AQP) and used 2,300 lbs. 1,000 lbs. Price variance $3,500 F Quantity variance $481 U Flexible budget variance $1,625 F Number of units produced 350 625 What is the standard direct material price per pound for the plastic in the dolls? O A. $0.29/1b OB. $2.79/1b. O C. $6.00/lb. OD. $5.60/lb