A. For direct materials. Materials purchased, 10,000 ounces at a cost of $287,000.

Compute the price and quantity variances. B. There was no beginning inventory of materials; however, at the end of the month, 3,000 ounces of material remained in ending inventory. For direct labor compute the rate and efficiency variances.

Compute the rate and efficiency variances. C. The company employs 20 lab technicians to work on the production of Fludex. During November, they each worked an average of 130 hours at an average pay rate of $12.00 per hour.

Compute the variable overhead rate and efficiency variances.

Becton Labs, Incorporated, 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: During November, the following activity was recorded related to the production of Fludex: a. Materials purchased, 10,000 ounces at a cost of $287,000. Becton Labs, Incorporated, 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: During November, the following activity was recorded related to the production of Fludex: a. Materials purchased, 10,000 ounces at a cost of $287,000