During May, Joliet Fabrics Corporation manufactured 540 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: 18,400 yards at $1.42 per yard Direct material used: 9,900 yards at $1.42 per yard Direct labor: 2,500 hours at $9.19 per hour The standard prime costs for one unit of Stylex are as follows: $ 26,128 14,058 22,975 Direct material: 20 yards at $1.39 per yard Direct labor: 4 hours at $8.00 per hour $ 27.80 32.00 Total standard prime cost per unit of output Required: Compute the following variances for the month of May. $ 59.80 Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance). 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