During Mary, Joliet Fabrics Corporation manufactured 500 units of a special multilayer fabric with the trade name Stylex. The following information from the Stylex production department also pertains to May. Direct material purchased: 18.000 yards at $1.38 per yard $24,840 Direct material used: 9.500 yards at $1,38 per yard 13.110 3 Direct labor, 2.100 hours at $9. 15 per hour 19.215 The standard prime costs for one unit of Stylex are as follows: O Direct material: 20 yards of $1.35 per yard Direct labor: 4 hours at $9 00 per hour Total standard prime cost per unit of output Required: Compute the following variances for the month of May, indicating whether each vari- ance is favorable or unfavorable. 1. Direct-material price variance. 2. Direct-mater quantity variance. O