JAG, Inc. manufactures a product that has the direct materials standard cost 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: $1\mathrm{.}60lb.$ @ $$2\mathrm{.}50$ per Ib$.$

Assume that actual purchase and usage of direct materials was $50,000$ pounds. Calculate the direct materials price, efficiency, and flexible$-$budget variances.