Part of your company’s accounting database was destroyed when Godzilla attacked the city. Through careful recreation of data, you have been able to determine that during the previous period, 20,000 units of product were produced. Raw Materials Inventory increased by 2,000 ounces during the period. Reports show that the direct material price variance was a favorable $120,000 for the period and the total direct material variances was a favorable$40,000. The actual price paid for direct material during the period was $14 per ounce, which was $3 less per ounce than expected. The quantity allowed per unit of output was ounces.(round to the nearest hundreth)