During March, Manhattan Fabrics Corporation manufactured 580 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: 18,800 yards at $1.46 per yard	$	27,448
Direct material used: 10,300 yards at $1.46 per yard		15,038
Direct labor: 2,900 hours at $9.23 per hour		26,767

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

Direct material: 20 yards at $1.43 per yard	$	28.60
Direct labor: 3 hours at $7.00 per hour		21.00
Total standard prime cost per unit of output	$	49.60

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).

1) Find out direct-material price variance.