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During March, Manhattan Fabrics Corporation manufactured 530 units of a special multilayer fabric with the trade name Stylex. The following information from the Stylex production

During March, Manhattan Fabrics Corporation manufactured 530 units of a special multilayer fabric with the trade name Stylex. The following information from the Stylex production department also pertains to March.

Direct material purchased: 18,300 yards at $1.41 per yard 25803
Direct material used: 9,800 yards at $1.41 per yard 13818
Direct labor: 2,400 hours at $9.18 per hour 22032

The standard prime costs for one unit of Stylex are as follows:

Direct material: 20 yards at $1.38 per yard 27.60
Direct labor: 4 hours at $9.00 per hour 36.00
Total standard prime cost per unit of output 63.60
Required:

Compute the following variances for the month of March. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).

$$$$ Favorable or unfavorable
Direct material price variance
Direct material quantity variance
Direct material purchase price variance
Direct labor rate variance
Direct labor efficiency variance

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