Check my work Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex. is prepared using on elaborate distilling process. The company has developed standard costs for one unit of Fludex as follows: Standard Quantity Standard Price Standard or Hours Rate Direct materials 2.20 ounces $23.00 per ounce $50.00 Direct labor 0.00 hours $14.00 per hour 11.40 Variable manufacturing overhead 0.00 hours $ 2.50 per hour 1.50 Total standard cost per unit $60.50 cost 6:59 ST STI During November, the following activity was recorded related to the production of Fludex 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 The company employs 25 lab technicians to work on the production of Fludex. During ember they each worked an average of d. Variable manufacturing overhead is assigned to Fludex on the basis of direct lobor-hours, Variable manufacturing overhead coats during November totaled $4,200. e. During November, the company produced 4,000 units of Fludex Crew cuur mix be continued? Huwarder to reduce labor costs. Would you 3. Compute the variable overhead rate and efficiency variances Complete this question by entering your answers in the tabs below. STA Reg 1A Reg 1B Reg 2 Reg 28 Reg 3 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 (.e. zero variance), Input all amounts as positive values.) Variable overhead rate variance Variable overhead efficiency variance