Business, 21.05.2020 22:03 babyE805

During May, Joliet Fabrics Corporation manufactured 530 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 purchased: 18,300 yards at $1.41 per yard $ 25,803

Direct material used: 9,800 yards at $1.41 per yard 13,818

Direct labor: 2,400 hours at $9.18 per hour 22,032

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

Direct material: 20 yards at $1.38 per yard $ 27.60

Direct labor: 4 hours at $9.00 per hour 36.00

Total standard prime cost per unit of output $ 63.60

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 "0" for no effect (i. e., zero variance).

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