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During May, Joliet Fabrics Corporation manufactured 640 units of a special multilayer fabric with the trade name Stylex. The following information from the Stylex production

During May, Joliet Fabrics Corporation manufactured 640 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: 19,400 yards at $1.52 per yard $ 29,488
Direct material used: 10,900 yards at $1.52 per yard 16,568
Direct labor: 3,500 hours at $9.29 per hour 32,515

The standard prime costs for one unit of Stylex are as follows:

Direct material: 20 yards at $1.49 per yard $ 29.80
Direct labor: 5 hours at $7.00 per hour 35.00
Total standard prime cost per unit of output $ 64.80

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 "0" 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

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