During March, Manhattan Fabrics Corporation manufactured 1,000 units of a special multilayer fabric with the trade name Stylex. The following information from the Stylex production department also pertains to March.

Direct material purchased: 36,000 yards at $ 1.38 per yard........................ $ 49,680

Direct material used: 19,000 yards at $ 1.38 per yard................................. 26,220

Direct labor: 4,200 hours at $ 9.15 per hour................................................... 38,430

The standard prime costs for one unit of Stylex are as follows:

Direct material: 20 yards at $ 1.35 per yard........................................................... $ 27

Direct labor: 4 hours at $ 9.00 per hour.................................................................... 36

Total standard prime cost per unit of output.......................................................... $ 63

Required:

Compute the following variances for the month of March, indicating whether each variance is favorable or unfavorable.

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.

(CPA, adapted)