Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. *any help is GREATLY appreciated. thank you chegg tutors for everything you do, i love you guys*

3.55/5 points awarded 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 Hours or Rate Cost Direct materials 2.6 ounces $29.00 per ounce $75.40 Direct labor 0.60 hours 512.00 per hour 7.20 Variable manufacturing overhead 0.60 hours $ 3.50 per hour 2.10 Total standard cost per unit $84.70 Scored During November, the following activity was recorded related to the production of Fludex; a. Materials purchased, 14,000 ounces at a cost of $388,500 There was no beginning inventory of materials however, ot the end of the month, 2,950 ounces of material remained in ending Inventory c. The company omploys 22 lob technicians to work on the production of Fludex During November they each worked on average of 150 hours at an average pay rate of $11.00 per hour d. Varioblo manufacturing overhead is assigned to Fludex on the basis of direct labor hours Varioble manufacturing overhead costs during November totaled $5,500 During November the company produced 4.200 units of Fludex Required: 1. For direct materials 13 3.55/5 polots ownedea Required: 1. For direct materials: 8. Compute the price and quantity variances b. The materials were purchased from a new supplier who is anxious to enter into a long term purchase contract. Would you recommend that the company sign the contract? 2. For direct labor a. Compute the rate and efficiency variances b. In the past, the 22 technicians employed in the production of Fludex consisted of 5 senior technicians and 17 assistants During November, the company experimented with fewer senior technicians and more assistants in order to reduce labor costs. Would you recommend that the new labor mix be continued? 3. Compute the variable overhead rate and efficiency variances. Scored Complete this question by entering your answers in the tabs below. Reg 1A Reg 10 Reg 2A Reg 20 Reg 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 (le, zero variance) Input all amounts as positive values.) Materials price variance Materials quantity variance 13.390 F 3.770U Rec 18 > ME Gew ME Gew