During March, Manhattan Fabrics Corporation manufactured 550 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: 18,500 yards at $1.43 per yard $ 26,455 Direct material used: 10,000 yards at $1.43 per yard 14,300 Direct labor: 2,600 hours at $9.20 per hour 23,920 The standard prime costs for one unit of Stylex are as follows: Direct material: 20 yards at $1.40 per yard $ 28.00 Direct labor: 3 hours at $7.00 per hour 21.00 Total standard prime cost per unit of output $ 49.00 Required: Compute the following variances for the month of March. Indicate whether each variance is favorable or unfavorable.