The magnifying power \( M \) of a telescope is given by:
\[
M = \frac{f}{D}
\]
where \( f \) is the focal length of the eye piece and \( D \) is the focal length of the objective lens (the tube length of the telescope).
From the problem, we are given that:
\[
M = 5, \quad D = 60 \, \text{cm}
\]
Substituting into the equation:
\[
5 = \frac{f}{60}
\]
Solving for \( f \):
\[
f = 5 \times 60 = 300 \, \text{cm}
\]
Thus, the focal length of the eye piece is \( \boxed{10 \, \text{cm}} \).