Current Attempt in Progress Vaughn Company uses a standard cost accounting system. In 2022, the company produced 27.700 units. Each unit took several pounds of direct materials and 16 standard hours of direct labor at a standard hourly rate of $12.00. Normal capacity was 50.400 direct labor hours. During the year, 131,500 pounds of raw materials were purchased at $0.93 per pound, All materials purchased were used during the year. Your answer is incorrect If the materials price variance was $2,630 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places, e.g. 2.75.) Standard materials price per pound S