During May, Joliet Fabrics Corporation manufactured 650 units of a special multilayer fabric with the trade name Stylex. The following E information from the Stylex production department also pertains to May. Direct material purchased: 19,500 yards at $1.53 per yard Direct material used: 11,000 yards at $1.53 per yard Direct labor: 3,600 hours at $9.30 per hour $ 29,835 16,830 33,480 E The standard prime costs for one unit of Stylex are as follows: Direct material: 20 yards at $1.50 per yard Direct labor: 4 hours at $9.00 per hour Total standard prime cost per unit of output $30.00 36.00 $66.00 E Required: E Compute the following variances for the month of May. (Indicate the effect of each variance by selecting "Favorable" or E "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