Becton Labs, Incs, 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 or Hours 2:20 ounces Standard Price or that $23.00 per ounce $14.00 per hour Standard Cost $50.60 Direct materials 0.60 hours 26 Direct labor Variable sanufacturing overhead 0.60 hours $ 2,50 per hour 1.50 Total standard cost per unit $60.50 During November, the following activity was recorded related to the production of Fludex: es a. Materials purchased 12.000 ounces at a cost of $259,800 b. There was no beginning inventory of materials; however, at the end of the month, 3,100 ounces of material remained in ending Inventory c. The company employs 25 tab 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 hout, d Variable manufacturing overhead is assigned to Fludex on the basis of direct labor-hours. Varlable manufacturing overhead costs. during November totaled $4,200 e During November the company produced 4,000 units of Fudex Required: 1 For direct materials 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 Tecommend that the company sign the contract 2 For direct labor a Compute the rate and efficiency variances bIn the past, the 25 technicians employed in the production of Fludex consisted of 4 senior technicians and 21 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 Complete this question by entering your answers in the tabs below. Reg 11 Reg 10 Req2A Reg 28 R3 For direct materials, compute the price and quantity vacances (Indicate the effect of each variance by selecting for favorable "V" for navorable, and "None for no effect. era variance) Input all amounts as positive values.) Matonal price van Matana quantity variance Req 18> 2. For direct labor: a Compute the rate and efficiency variances. b. In the past, the 25 technicians employed in the production of Fludex consisted of 4 senior technicians and 21 assistants. Dur November, the company experimented with fewer senior technicians and more assistants in order to reduce labor costs. Would recommend that the new labor mix be continued? 3. Compute the variable overhead rate and efficiency varlances. -0 Complete this question by entering your answers in the tabs below. Pg 1A Reg 13 Red 2A Reg 28 Reg For direct materials, 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 Yes No 2. For direct labor. a. Compute the rate and efficiency variances b. In the past, the 25 technicians employed in the production of Fludex consisted of 4 senior technicians and 21 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. Complete this question by entering your answers in the tabs below. Reg 1 Reg 18 Reg 2 Reg 28 Rey For direct labor, compute the rate and efficiency variances. (Todicate the effect of each variance by selecting for favorable, "U" for unfavorable, and "None" for no effect (ezero variance) Input all amounts as positive values.) Laboratovanie Labor officiency ance 2. For direct labor: a. Compute the rate and efficiency variances b. In the past, the 25 technicians employed in the production of Fludex consisted of 4 senior technicians and 21 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. 09 Complete this question by entering your answers in the tabs below. Reg 1A Reg 10 Reg 2 Reg 28 Roq in the pa! the 25 technicians employed in the production of Fludex consisted of 4 senior technicians and 21 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? Ores ONO Reg 2A Req3 > 2. For direct labor a. Compute the rate and efficiency variances, b. In the past, the 25 technicians employed in the production of Fludex consisted of 4 senor technicians and 21 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 varlances Complete this question by entering your answers in the tabs below. Reg 1A Reg 10 Red 2A Reg 25 Req Compute the variable overhead rate and efficiency variances. (Indicate the effect of each variance by selecting "F" for favorable "U" for unfavorable, and "None" for no effect (1. zoro variance) Input all amounts as positive values Variable overhead ritu varice Van overhead efficiency vitnanco