During May. Joliet Fabrics Corporation manufactured 500 units of a special multilayer fabric with the trade name Styler. The following information from the Stylex production department also pertains to Me Problem 10-35 Direct Material and Direct Labor Valances (LO 10-1, 10-31 3. Direct de la Duchas price variance 5540U Dred material purchased 18.000 yards #5138 peyard Dired materal used 9.500 yards at 51.33 per yerd Dired labor 2,100 hours 2 59.15 per hour - 52430 13.110 18215 The standard prime costs for one unit of Styles are as follows: Dreamena 20 yards at 51 35 per yard - Director 4 hours at $9.00 per hour Total Standard te cost per un doubt Required: Compute the following variances for the month of May. indicating whether each variance is favorable or unfavorable 1. Direct-material price variance. 2. Direct-material quantity variance. 3. Direct-material purchase price variance. 4. Direct-labor rate variance. 5. Direct-labor efficiency variance