Bagon Laboratories Inc manufactures various chemical compounds for industrial use. One compound called Bagdex is prepared using an elaborate distilling process. The company developed standard costs for one unit of Bagdex as follows Variable manufacturing overhead is assigned to Bagdex on the basis of direct labor hours. During November, the following actual activity was recorded related to the production of Bagdex: The raw materials inventory at standard cost amounts to Indicate in your solution sheet whether it is FAVORABLE or UNFAVORABLE For uniformity of answers, if the variance is FAVORABLE encode a minus sign before the numerical answer. Do not place spakes. Question 8 1pts The materials price variance amounts to P Indicate in your solution sheet whether it is FAVORABLE or UNFAVORABLE For uniformity of answers, if the variance is FAVORABLE encode a minus sign before the numerical answer. Do not place spaces