. . . The GZ Company uses standard costing. The company makes and sells a single product called R. The following data are for the month of August: Actual cost of direct material purchased and used: $65,560 Material price variance: $5,960 unfavorable Total materials variance: $22,360 unfavorable Standard cost per pound of material: $4 Standard cost per direct labor hour: $5 Actual direct labor hours: 6,500 hours Labor efficiency variance: $3,500 favorable Standard number of direct labor hours per unit of R: 2 hours Total labor variance: $400 unfavorable . . . . Compute the standard pound of material allowed to produce one unit of R. Two dieits decimal points. No comma, space, or $sign)