Question Two (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. $24,840 13,110 19,215 $52 46 $98 Direct material purchased: 22,000 yards at $2.50 per yard Direct material used: 12,000 yards at $2.50 per yard. Direct labor: 3,200 hours at $13 per hour The standard prime costs for one unit of Stylex are as follows: Direct material: 20 yards at $2.60 per yard Direct labor: 4 hours at $11.50 per hour Total standard prime cost per unit of output Required: Compute the following variances for the month of May: (10 Points each) 1. Direct material price variance A. -1,800F B. 1,200 U C. -1,200 F D. 1,800 U E. None of the above 2. Direct material quantity variance A. -15,600 F B. 15,600 U C. -15,000 F D. 15,000 U E. None of the above 3. Direct-labor rate variance. A. -5,400 F B. 5,400 V C. -4,800 F D. 4,800 u E. None of the above 4. Direct-labor efficiency variance. A. -4,600 F B. -5,200 F C. 4,600 U D. 5,200 U E. None of the above