Problem $16-64($Algo$)$ Direct Materlals $($LO $16-5)$

Information about direct materials cost follows for Jennings Chemicals:

Standard price per gallon $$56$

Actual quantity used $4,649$ gallons

Standard quantity allowed for production $4,679$ gallons

Price variance

$$22,272U$

Requlred:

What was the actual purchase price per gallon?

Note: Round your answer to $2$ declmal pleces.