During May, Sunday Corporation manufactured 900 units of a special multilayer fabric with the trade name Stylex. The following information from the Stylex production department also pertains to May $42,000 38,500 48,000 Direct material purchased: 12,000 yards at $3.50 per yard Direct material used: 11,000 yards at $3.50 per yard Direct labor: 3,200 hours at $15 per hour The standard prime costs for one unit of Stylex are as follows: Direct material: 18 yards at $3.70 per yard Direct labor: 3 hours at $12.50 per hour Total standard prime cost per unit of output. Required: Compute the following variances for the month of May: (10 Points each) $66 37.5 $103.5 1. Direct material price variance A. 3,240 U B. 2,200 U C. -3,240 F D. -2,200 F E. None of the above 2. Direct material quantity variance A. 19,240 U B. -19,240 F C. -18,200 F D. 18,200 U E. None of the above 3. Direct-labor rate variance. A. 8,000 U B. 6,750 U C. -8,000 F D. -6,750 F E. None of the above 4. Direct-labor efficiency variance. A. 6,250 U