Kansas company uses a standard cost accounting system. in 2017, the company produced 28,000 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 50,000 direct labor hours. during the year, 117,000 pounds of raw materials were purchased at $0.92 per pound. all materials purchased were used during the year. instructions (a) if the materials price variance was $3,510 favorable, what was the standard materials price per pound