You have been given the following information about the production of Usher Co., and are asked to provide the plant manager with information for a meeting with the vice president of operations.

		Standard Cost Card
Direct materials (7 pounds at $5 per pound)		$35.00
Direct labor (0.80 hours at $10)		8.00
Variable overhead (0.80 hours at $5 per hour)		4.00
Fixed overhead (0.80 hours at $7 per hour)		5.60
		$52.60

The following is a variance report for the most recent period of operations.

				Variances
Costs		Total Standard Cost		Price			Quantity
Direct materials		$406,000		$4,154	F		$9,400	U
Direct labor		92,800		4,008	U		7,400	U

What was the actual cost per pound of raw materials? (Round answer to 2 decimal places, e.g. 1.25.) Actual cost per pound of raw materials $