DLab Var Mfg Help Save & During May, Joliet Fabrics Corporation manufactured 620 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 parehased: 19,200 yards at $1.50 per yard Direct material used: 10,700 yards at $1.50 per yard Direct laboE3,300 hours at $9.27 per hour $ 20,000 16,050 30.591 The standard prime costs for one unit of Stylex are as follows: Direct material: 20 yards at $1.47 per yard Direct labar: 4 hours at $9.00 per hour Total standard prime cost per unit of outpat $29.40 36.00 $65.40 Required: Compute the following variances for the month of May. (Indicate the effect of each variance by selecting "Favorable or "Unfavorable". Select "None" and enter "O" for no effect (.e., 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 variano Prev 1 of 1 ! Next