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During May, Joliet Fabrics Corporation manufactured 5 0 0 units of a special multilayer fabric with the trade name Stylex. The following information from the

During May, 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
Direct labor: 2,100 hours at $9.15 per hour ,19,215
The standard prime costs for one unit of Stylex are as follows:
Direct material: 20 yards at $1.35 per yard $27
Direct labor: 4 hours at $9.00 per hour 36
Total standard prime cost per unit of output $63
Required:
Compute the following variances for the month of May, indicating whether each variance is 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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