CALCULATOR PRIN TER VERSION BACK NEXT Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, the company produced 27,700 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $12.00. Normal capacity was 50,100 direct labor hours. During the year, 130,900 pounds of raw materials were purchased at $0.91 per pound. All materials purchased were used during the year. Your answer is correct If the materials price variance was $1,309 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places, eg2.7s.) Standard materials price per pound Click if you would like to Show Work for this question: Open Show Work .92 LINK TO TEXT L3NK TO TEXT Attemptsi 1 of 3 used