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 material1 purchased: 18,400 yards at $1.42 per yard $26,128 Direct material used: 9,900 yards at ?1.42 per yard Direct labor 2,500 hours at $9.19 per hour 14,058 22,975 The standard prime costs for one unit of Stylex are as follows: Direct material: 20 yards at $1.39 per yard$27.80 Direct labor: 4 hours at $8.00 per hour 32.00 Total standard prime cost per unit of output $59.80 Required: Compute the following variances for the month of May. (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 Direct-material purchase price variance 4. Direct-labor rate variance 5. Direct-labor efficiency variance