This question and the previous question is based on the foll…
This question and the previous question is based on the following information. Soard, Inc. manufactures a product that has the direct materials standard presented below. Budgeted and actual information for the current month for the manufacture of the finished product and the purchase and use of the direct materials is also presented. Standard cost for direct materials: 1.60 lb. @ $2.50 per lb. Budget Actual Finished goods (in units) 30,000 32,000 Direct materials usage (in pounds) ? 51,000 Direct materials purchases (in pounds) 48,000 50,000 Total cost of direct materials purchases ? 120,000 Soard’s direct materials efficiency variance for the current month is: