Medex pharmaceutical developed the following standard costs for its product in 2015: The company planned to work 2 725 direct labor hours and planned to produce 10, 900 units of product in 2015. Actual results for 2015 are as follows: 11,000 units of product were produced and sold at $15 per unit. actual direct materials purchased and used during the year amounted to 13, 750 pounds at a cost of $30, 800. Actual direct labor costs were $35, 420 for 3, 080 direct labor hours worked. There is no difference between actual and standard cost per unit of variable overhead cost. Total actual manufacturing overhead incurred amounted to $38, 120. Requirements: Calculate the unit standard cost Calculate the following variances showing all computations supporting your answers. Indicate if the variances are favorable (F) or unfavorable (U). Direct materials price and direct materials quantity variances. Direct labor price and direct labor quantity variances. Fixed Overhead variances Using your variances analysis to evaluate operation performance of Medex for the year 2015. Assume that apart from product costs, Medex incurred Fixed selling and administration expenses for 49, 380. Calculate break-even point in a) units and b) in dollars. Calculate margin of safety ratio and degree of operating leverage (DOL). Explain the risk status of Medex