ecton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is pr laborate 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 Direct labor Variable manufacturing overhead Total standard cost per unit 2.40 ounces 0.70 hours 0.70 hours $18.00 per ounce$43.20 9.80 2.10 $55.10 $14.00 per hour 3.00 per hour uring November, the following activity was recorded related to the production of Fludex: Materials purchased, 12,000 ounces at a cost of $198,000. There was no beginning inventory of materials; however, at the end of the month, 3,200 ounces of material inventory The company employs 20 lab technicians to work on the production of Fludex. During November, they eac 160 hours at an average pay rate of $12.00 per hour. ariable manufacturing overhead is assigned to Fludex on the basis of direct labor-hours. Variable manufa November totaled $4,800. November, the company produced 3,600 units of Fludex. during During uired