please answer full question

Marc Goudreau, administrator of Clearwater Hospital, was puzzled by the prior month's reports "Every month, its aryone's guess whether the lab wili show a profit or a loss. Perhaps the only answer is to increase our lab fees again? "We can't," replied Rhoda Groves, the controllet. "There are still a lot of complaints about the last Increase, particularly from the insurance companies and government health units. Theyre now paying only about 82%6 of what wre bili, fim 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, 2.400 smears and 1500 blood tests were performed in the lab. b. Small glass plates are used in both types of tests. During the past month, the hospilal purchased 24.000 plates at o cost of $55,872 This cost is net of a 3% 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, 1,700 hours of labour time were used in performing smears and blood tests. The cost of this labour time wus 514,960.00. d. The lab's variable overhead cost last month totaled $7,450. e. Fored overhead cost last month totalled $9,500 Clearwater Hospital has never used standard costs. By searching industry iiterature, however, you have determined the following nationwide averages for hospital labs: Dcotes: Three plates are required pen lah test. Thase plates cost 32,40 each and are dispoced of aften the test is coepleted. lotevipi Gach biatear should require 6.3 hours to complete, and each bloed test ahould require 0.6 hours to caeplete. The average cost of this lab tine is sie per hour. fiaed overtiead to sh per hour. Dhese rates ere based on a denominator activity level of 1 , seo hours ner month. Required: 1. Compute the materiais price varlance for the plates purchased last month. and compute a materials quantity variance sor the plates 1. fixed overhead is 56 per hour. These rates are based on a denoninator activity leval of 1 see hours per month. Required: 1. Compute the materials price variance for the plates purchased last month, and compute a matcrials quantity variance for the plates used last month. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) 2-a. Compute a labour rate variance and a labour efficiency variance for the lab. (Indicate the effect of each varionce by selecting "F" for fovorable, "U" for unfovoroble, and "None" for no effect (i.e., zero varionce), Do not round intermediate calculation and round your finol answers to 1 decimal ploce.) 2-a. Compule a labour rate varlance and a labour efficlency variance for the lab. (Indicote the effect of each variance by selecting "F' for fovorable. "U" for unfovoroble, and "None" for no effect (i.e., zero variance). Do not round intermeciate calculation and round your final answers to 1 decimal place.) 2-b. This part of the question is not part of your Connect assignment. 3-a. Compute the variable overhead spending and efficiency variances. (indicote the effect of each variance by selecting "F" for fovoroble, "U" for unfovorable, and "None" for no effect (l.e., zero voriance).) 3-6. Compute the variable overhead spending and efficiency variances. (Indicate the effect of esch variance by selecting "F" for favorable, "U" for unfavorable, ond "None" for no effect (i.e., zero variance).) 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 eoch variance by selecting "F" for favorable, "U" for unfovoroble, and "None" for no effect (L.e, zero variance).)