During May, Jollet Fabrics Corporation manufactured 590 units of a special multilayer fabric with the trade name Stylex. The following information from the Stylex production department also pertains to May Doints $27,783 Direct material purchased: 18,900 yards at $1.47 per yard Direct material used: 10,400 yards at $1.47 per yard Direct labori 3,000 hours at $9.24 per hour 15,288 27, 720 The standard prime costs for one unit of Stylex are as follows: Direct material 20 yards at $1.44 $28.80 per yard Direct labor: 4 hours at $9.00 per hour 36.00 Total standard prime cost per unit $64.80 of output $28.80 Direct material: 20 yards at $1.44 per yard Direct labor: 4 hours at $9.00 per hour Total standard prime cost per unit of output 36.00 points $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 "O" for no effect (i.e., zero variance). 1. Direct-material price variance 2 Direct material quantity walance 3. Direct material purchase price variance 4 Directorate variance 5 Director efficiency variance