Becton Labs, Inc., produces various chemical compound for industrial One called Fudex, is prepared using an borate distilling process. The company has developed standard costs for one unit ela of Fludex, as follows: Standard Price Standard Quantity or Rate Cost Direct materials 2.00 ounces $30.00 per ounce 60.00 Direct labor 0.50 hours $14.00 per hour 7.00 Variable manufacturing overhead 0.50 hours 3.40 per hour 1.70 68,70 During November, the following activity was recorded relative to production of Fudex: a Materials purchased. 10,000 ounces at a cost of $2B7,000. b There was no beginning inventory of materials, nowever, at the end of the month, 3,000 ounces of c material remained in ending inventory. to work on the production of Fludex. During November, they company employs 20 worked an average of 130 hours at an average rate of S12.00 per hour d variable manufacturing overhead is assigned to Fludex on the basis of direct labor-hours. Variable manufacturing overhead costs during November totaled S4700. e During November, 3400 good units of Flude x were produced