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Need help with managerial accounting problem. Thanks During May. Joliet Fabrics Corporation manufactured 640 units of a special multilayer fabric with the trade name Stylex.

Need help with managerial accounting problem. Thanks

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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 department also pertains to May Direct material purchased : 19, 480 yards at $1 . 52 per yard $ 25. 48.8 Direct material used : 10 . 980 yards at $ 1. 52 per yard 15 , 568 Direct Labor : 3 , 508 hours at $9 . 29 per hour 32. 515 The standard prime costs for one unit of Stylex are as follows : Direct material : 28 yards at $1. 49 per yard $ 29. 80 Direct Labor : 5 hours at $ 7. 08 per hour* \\35 . 09* Total standard prime cost per unit of output Required :" Compute the following variances for the month of May. Indicate the efect of each variance by selecting " Favorable " or " Unfavorable "_ Select " Home " and enter " O" for no effect lie 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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