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+ Ch 11 - Homework Question 5 of 6 0.44 / 4 Current Attempt in Progress Waterway Company uses a standard cost accounting system. In 2022, the company produced 28.500 units Each unit took several pounds of direct materials and 16 standard hours of direct laborata standard hourly rate of $11.00. Normal capacity was 49.800 direct labor hours. During the year, 131,700 pounds of raw materials were purchased at $0.90 per pound. All materials purchased were used during the year. (a) Your answer is correct If the materials price variance was $5,268 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places, e.g. 2.75.) Standard materials price per pound eTextbook and Media Attempts: 1 of 5 used (b) Your answer is incorrect If the materials quantity variance was $16,638 unfavorable, what was the standard materials quantity per unit? pounds Standard materials quantity per unit e Textbook and Media