Final answer:
Without additional context or clear relation to the provided options, it is not possible to determine the correct standard direct materials price per pound. The cost accounting process uses standard prices for budgeting, and the equilibrium price of $3.25 per pound for fish serves as a market reference point only.
Step-by-step explanation:
The question appears to be related to the area of cost accounting, specifically the calculation of standard direct materials cost. In cost accounting, the 'standard price' refers to a pre-determined cost per unit for materials, which is based on historical data, market conditions, or negotiated prices, and it is used for budgeting and performance evaluation.
To determine the standard direct materials price per pound, we require additional information to arrive at a definite answer. However, based on the excerpts provided, the equilibrium price for commercial fish is given as $3.25 per pound, which can serve as a reference point for comparisons. Although, without clear context, it's challenging to choose between the provided options A) $1.96, B) $2.00, C) $2.13, or D) $2.17. The provided example in Figure 6.2.4.4 outlines a cost structure where the first 3 ounces cost $1.95 and each additional ounce costs $0.17.
From the details given, it is unclear how these figures relate to the decision of the standard price for direct materials. It is essential to review the problem statement and provide additional context to calculate correctly or verify the standard price per pound.