$27)$ The New Wave Co$.$ is considering a new method for allocating overhead to its two products, regular and premium coffee beans. Currently, New Wave is using the traditional

method to allocate overhead, in which the cost driver is direct labor costs. However, it is interested in using two different drivers: machine hours $($MH$)$ for separating and

roasting beans, and pounds of coffee for packing and shipping. Machine hours for the current month are $800$ hours, direct labor cost per pound of coffee is $$1\mathrm{.}35,$ and direct

materials cost per pound of coffee is $$1\mathrm{.}60.$ There are $1,200$ pounds of coffee packed and shipped for the current month. The following data are also available:

What is the total cost per pound for the premium coffee using the new activity$-$based costing

method?