14 14. Ozarks Camping Equipment, Inc. has established the following direct-material standards for its two products Standard camping tent Deluxe backpacking tent Standard Quantity 13 yards 8 yards Standard Price $5.50 per yard $6.00 per yard During May, the company purchased 5,500 yards of tent fabric for its standard model at a cost of $31,350. The actual May production of the standard tent was 250 tents, and 3,350 yards of fabric were used. Also during May, the company purchased 2,500 yards of tent fabric for its deluxe backpacking tent at a cost of $14,500. The firm used 2,640 yards of the fabric during May in the production of 330 deluxe tents