During May, Joliet Fabrics Corporation manufactured 690 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 parchased 19,900 yards at $1.57 per yard Direct material used 11,400 yards at $1.57 per yard Direct labor 4,000 hours at $9.34 per hour The standard prime costs for one unit of Stylex are as follows: Direet material: 20 yards at $1.54 per yard Direct labor. 5 hours at $8.00 per hour Total standard prime cost per unit of output Required: Compute the following variances for the month of May (Indicate the effect of each variance by selecting "Favorable "Unfavorable". Select "None" and enter "O" for no effect (le, zero variance), 1. Direct-material price variance 2. Direct material quantity variance 3. Direct-material purchase price variance Direct laborate variance 5. Direct labor efficiency variance