Can you please do this sum for me as soon as possible ?

Marc Goudreau, administrator of Clearwater Hospital, was puzzled by the prior month's reports. "Every month, it's anyone's guess Whether the lab will show a profit or a loss. Perhaps the only answer is to increase our lab fees again." "We can'", replied Rhoda Groves, the controller. "There are still a fot of complaints about the last increase, particularly from the insurance companies and government health units. They're now paying only about 85% of what we bill. l'm beginning to think the problem is on the cost side." To determine if the Clearwater lab costs are in line with those of other hospital labs, Goudreau has asked you to evaluate the costs for the past month. Groves has provided you with the following information a. Two basic types of tests are performed in the lab-smears and blood tests. During the past month, 2,100 smears and 600 blood tests were performed in the lab b. Small glass plates are used in both types of tests. During the past month, the hospital purchased 18,000 plates at a cost of $56,448. This cost is net of a 2% purchase discount. A total of 2,400 of these plates were unused at the end of the month; no plates were on hand at the beginning of the month. c. During the past month, 1,380 hours of labout time were used in performing smears and blood tests. The cost of this labour time was $17,94000 d. The lab's variable overhead cost last month totalled $8,750 e. Fored overhead cost last month totalled $8,100 Clearwater Hospital has never used standard costs. By searching industry literature, however, you have determined the following nationwide averages for hospital labs Plates: Three plates are required per lab test. These plates cost $3.20 each and are disposed of after the test is completed. labour: boch smear should require o.3 hours to complete, and each blood test should require 0.6 hours to cooplete. The average cost of this lab tine is $15 per hour. Overheodioverhead cost is based on direct labour-hours. The average rate of varlable overhead is 36 per hour. The averoge rate of fixed overhed is 58 per hour. These rates are based on a denoninator activity level of 1 , e0e hours per nonth. Required: 1. Compute the materials price variance for the plates purchased last month, and compute d materials quartity variance for the plates used last month. (Indicote the effect of each variance by selecting "F" for fovorable, "U" for unfavorable, ond "None" for no effect (i.e, zero varionce)-) 2-o. Compute a labour rate variance and a fabour efficiency variance for the lab. (Indicote the effect of eoch vorionce by selecting "F" for fovorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Do not round intermediate calculation and round your finol answers to 1 decimal place.) 2-b. This part of the question is not part of your Connect assignment. 3-0. Compute the variable overhead spending and efficiency variances. (Indicate the effect of each variance by selecting "F" for fovoroble, "U" for unfovorable, ond "None" for no effect (i.e., zero vorionce).) 3.b. This part of the question is not part of your Connect assignment. 4. Compute the fixed overhead budget and volume variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfovorable, and "None" for no effect (i.e., zero variance).)