Question Four (40 Points) 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. 16 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 $42,000 38,500 48,000 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 $66 37.5 $103.5 Required: Compute the following variances for the month of May: (10 Points each)