flecton Labs Inc prochces various chemical compounds for industrial use. One compound called Fludex, is propared by means of an claborate de process. The company has developed standard costs for one unit of Fludex, as follow Det materials Direct Variable overhead 2.40 wat 150 hours at 1.50 hours at 5 20 litre $12.00 per hour 3.6.00 per hour During November, the following activity was recorded by the company relative to production of Fludex a Materals were purchased, 12.000 miles at a cost of $252,000 b. There was no beginning inventory of materials on hand to start the month at the end of the month, 2,600 mililitres of material remained in the warehouse unused c The company employs as tab technicians to work on the production of Fludex During November, each worked on average of 160 hours at an average rate of $11 per hour d. Vanable manufacturing overhead is assigned to Fludex on the basis or direct lobour hours. Variable manufacturing overhead costs during November totalled $18,000 Fixed overhead is also allocated on the basis of direct lobour hours. The company had budgeted $12,000 for the month but underapplied it by $576 During November, 3.750 good units of Fludex were produced the normal volume for the months 4.000 good units. The company's management is anxious to determine the efficiency of the activities surrounding the production of Fludex The company's policy is to investigate any variance more than 2 different from the relevant standard Required: 1. For materials used in the production of Fludes a. Compute the price and quantity variances (indicate the effect of each variance by selecting "F" for favourable. "U" for unfavourable, and "None" for no effectie, zero variance) Materas pince vanance Yes ONO 2. For direct labour employed in the production of Fludex a. Compute the rate and efficiency variances (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (le zero variance).) Labour tale variance Labour efficiency variance b. In the past, the 35 technicians employed in the production of Fludex consisted of 20 senior technicians and 15 assistants. During November. The company experimented with only 15 senior technicians and 20 assistants in order to save costs. Would you recommend that the new labour mix be continued? Yes NA 3.a. Compute the variable overhead spending and efficiency variances. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effectie, zero variance).) Vanable overhead spending variance Variable overhead efficiency variance 3-b. This part of the question is not part of your Connect assignment 4. Compute the fixed overhead cost variances for November (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (te, zero variance):) Fixed overhead budget variance Fixed overhead volume variance flecton Labs Inc prochces various chemical compounds for industrial use. One compound called Fludex, is propared by means of an claborate de process. The company has developed standard costs for one unit of Fludex, as follow Det materials Direct Variable overhead 2.40 wat 150 hours at 1.50 hours at 5 20 litre $12.00 per hour 3.6.00 per hour During November, the following activity was recorded by the company relative to production of Fludex a Materals were purchased, 12.000 miles at a cost of $252,000 b. There was no beginning inventory of materials on hand to start the month at the end of the month, 2,600 mililitres of material remained in the warehouse unused c The company employs as tab technicians to work on the production of Fludex During November, each worked on average of 160 hours at an average rate of $11 per hour d. Vanable manufacturing overhead is assigned to Fludex on the basis or direct lobour hours. Variable manufacturing overhead costs during November totalled $18,000 Fixed overhead is also allocated on the basis of direct lobour hours. The company had budgeted $12,000 for the month but underapplied it by $576 During November, 3.750 good units of Fludex were produced the normal volume for the months 4.000 good units. The company's management is anxious to determine the efficiency of the activities surrounding the production of Fludex The company's policy is to investigate any variance more than 2 different from the relevant standard Required: 1. For materials used in the production of Fludes a. Compute the price and quantity variances (indicate the effect of each variance by selecting "F" for favourable. "U" for unfavourable, and "None" for no effectie, zero variance) Materas pince vanance Yes ONO 2. For direct labour employed in the production of Fludex a. Compute the rate and efficiency variances (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (le zero variance).) Labour tale variance Labour efficiency variance b. In the past, the 35 technicians employed in the production of Fludex consisted of 20 senior technicians and 15 assistants. During November. The company experimented with only 15 senior technicians and 20 assistants in order to save costs. Would you recommend that the new labour mix be continued? Yes NA 3.a. Compute the variable overhead spending and efficiency variances. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effectie, zero variance).) Vanable overhead spending variance Variable overhead efficiency variance 3-b. This part of the question is not part of your Connect assignment 4. Compute the fixed overhead cost variances for November (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (te, zero variance):) Fixed overhead budget variance Fixed overhead volume variance