XYZ Corporation manufactures orange safety suits for road workers. The following information relates to the corporation's purchases and use of material for April:

Material purchased 12,500 yardsMaterial used in production 12,000 yardsStandard material allowed for suits produced 10,800 yards

The company's materials price variance for April was $12,500 unfavorable. Its materials quantity variance for April was $10,200 unfavorable.

The actual average price paid to purchase materials is _____ per yard.

Note: Your answer should be in the format of $*. **. Round your calculations and final answer to the nearest cent. Use commas to separate thousands.