Required : Answers for the ENTRIES ( with workings) , indicating whether the variance is favourable or unfavourable

During May, Joliet Fabrics manufactured 500 units of a special multi- layer fabric with the trade name Stylex. The following information from the Stylex department also pertains to May 500 units Direct material purchased: 18,000 meters $1.38per meter Direct material used: 9,500 meters@$1.38 per meter Direct labour: 2,100 hrs $3.15 per hour $24,84018,000 at $1.38 $13.1109,500 at 1.38 2.100 at $9.15 $19,215 The standard prime costs for one unit of Stylen are as follovs: Direct material: 20 meters$1.35 per meter Direct labour: 4 hours$9.00 Total standard prime cost per unit of output $27 $36 $63 20 at $1.35 4 at $9.00 Required: Compute the following variances for May, indicating whether the variance is favourable or unfavourable 1) Direct material price variance 2) Directmaterial quantity variance 3) Direct labour rate variance 4) Direct labour efficiency variance Entry1 Entry2 Entry3 Entry4 Use drop-down Use drop-down Use drop-down Use drop-down