Becton Labs, incorporated, produces various chemical compounds far industrial use. One compound, called Fludex, has the following standard cost per unit: During Nowember, the following activily was recorded retated to the production of Fludex A. Mereides purchased, 13000 ounces at a cost of $244,400 b. There was no beginning inventory of materiasi howeves, at the end of the monet 3.300 ounces of materid remained in ending inventery. c. The company empion 20 lab technicians to work on the production of Fludex. Duing November, thoy each worked an average of wo hours at an everage pay rate of \$14.00 per hove during November totaled $6,500 - During Novembet, the company produced 3,600 unts of Fludex. Required: 1. For diect matecials: a. Compute the price and quantity variances b. The materisis were purchased from a new supplier who is anxious to enter into a ling-term purchase contract Would you recomenend the company sign the constact? 2. For direct labor: a. Compute the rate and effieiency variances. b. In the past the 20 technicians employed in the production of Fludex consisled of 4 senior technicians and 16 assistants During Required: 1. For direct materials: a. Compute the price and quantity variances. b. The materials were purchased from a new supplier who is ankious to enter into a long-term purchase contract. Would you recommend the company sign the contract? 2. For direct labor: a. Compute the rate and efficiency variances. b. In the past, the 20 technicians employed in the production of Fludex consisted of 4 senior technicians and 16 assistants. During Novembet, the company experimented with fewer senior technicians and more assistants in order to reduce labor costs. Would you recommend the new labor mix be continued? 3. Compute the variable overhead rate and efficiency variances. Complete this question by entering your answers in the tabs below. For direct materiais, compute the price and quantity variances. Note: Indicate the effect of each variance br selectiog "F" for favcrabile, " T" for unfoworable, and "None" for no effect (i.e) pero variance), Input all amounts as postive values. Required: 1. For direct materials: a. Compute the price and quantry vaciances. b. The materials were purchased trom a new supglier who is anxious to enter into a long-term purchase contract. Would you recommend the compary sign the contract? 2. For direct labor: a. Compute the rate acd efficiency variances. b. In the past, the 20 technicians employed in the prcduction of Fludex consisted of 4 senior technicians and 16 assistants. During November, the company experimented woth fewer senior technicians and mote assistants in order to reduce iabor costs. Would you recommend the new labor mix be continued? 3 Compute the variable owerhead rate and efficiency variances Complete this question by eatering your answers in the tabs below. The materias were purchased from a nen suppler who is anxious to enter into a long-term purchase contract, would you recommend the company sign the contract? Required: 1. For direct materials. a. 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 fecommend the compary sign the contract? 2. For direct labor: a. Compute the rate and efficiency variances. b. In the past, the 20 technicians employed in the production of Fludex consisted of 4 senior technicians and 16 assistants. During November, the company experimented with fewer senior technicians and more assistants in order to reduce labor costs. Would you recommend the new labor mix be continued? 3. Compute the variable overhead rate and efficiency variances. Complete this question by entering your answers in the tabs below. For direct labor, compute the rate and efficiency variances. Note: Indicate the elfect of each variance by selecting " F" for favorable, "U" for unfavorable, and "None" for no effect (i.e, zero variance). Input alt amounts as positive values. Requlted: 1 For direct materinh: a. Comoute the price and quantity wanances. b. The moterials were purchased fiom a new suppler who is arsous to enter into a long term purchase contract Would yeu recommend the compary sign the contrace? 2 For direct labor: a. Cortpute the tate and efficiency variances b. In the pest, the 20 sechnicians employed in the prodiction of Flude x consisted of 4 sener techncians and 16 assistants. Dunng you recommend the new labor mox be continued? 3. Compute the varable owerhead tate and efficiency variances. Complete this question by entering yeur answers in the tabs belowe. In the past, the 20 technicians employed in the probuction of ruder cansisted of 4 senor technicians and 16 assistants. costs Would vou ftcommend the Nes labor max be etentinued? Aequired: 1 For ditect matenals: a. Compute the price and quantiny variances b. The materials were purchased from a now supoler whe is anwous to enter into a long-berm purchase contract. Would you recommend the compary son the contract? 2. Foe direct labor a. Compute the rate and efficiency veriances b. In the post, the 20 tectinicians employed in the production of Fludex consisted of 4 senior technicians and 16 assistants. During November, the company experimented with fever senior bechricians and more assistants in order to reduce laber costs. Would you recommend the new labor mix be continued? 3. Compute the varnable overheod rate and elficiency variarces. Compiete this question by entering vour answers in the tabe below. Compute the variatie ovehead rate and efliciencr varuncet. Compute the variatie ove head rate and efliency varuncel