Topaz Company makes one product and has set the following standards for materials and labor Direct Materials Direct Labor During the past month the company purchased 6,600 pounds of direct materials at a cost of $20,130. All of this material was used in the production of 1,240 units of product. Direct labor cost totaled $45,150 for the month. The following variances have been computed: Required: For direct materials: Compute the standard price per pound for materials Compute the standard quantity allowed for materials for the month s production Compute the standard quantity of materials allowed per unit of product