3 7 points Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows Standard Quantity Standard Price Standard or our or Rate Cost Direct materials 2.30 ounces 524.00 per ounce $ 55.20 Direct labor 0.0 hours $15.00 per hour 12.00 Variable manufacturing overhead 0.00 hours 5 3.50 per hour 2.80 Total standard cost per unit $ 70.00 BOW P During November, the following activity was recorded related to the production of Fudex a. Materials purchased, 12.500 ounces at a cost of $282,500 b. There was no beginning inventory of materials: however, at the end of the month, 3,000 ounces of material remained in ending Inventory c. The company employs 26 lab technicians to work on the production of Fludex During November, they each worked an average of 150 hours at an average pay rate of $14.00 per hour d. Variable manufacturing overhead is assigned to Fludex on the basis of direct labor-hours. Variable manufacturing overhead costs during November totaled $8.000 e. During November, the company produced 4100 units of Rudex Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Reg 2A Req 28 Reg 3 For direct materials, compute the price and quantity variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) Materials price variance Materials quantity variance Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2A Reg 28 Reg 3 For direct labor, compute the rate and efficiency variances, (Indicate the effect of each variance by selecting F for favorable, "U" for unfavorable, and "None" for no effect ( zero variance), Input all amounts as positive values.) Labor rate variance Labor efficiency variance Complete this question by entering your answers in the tabs below. Reg 1A Req 18 Reg 2A Reg 28 Reg 3 Compute the variable overhead rate and efficiency variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) Variable overhead rate variance Variable overhead efficiency variance