please complete requirement one through three

Problem 10-14 (Static) Basic Variance Analysis [LO10-1, LO10-2, LO10-3] Becton Labs, Incorporated, produces various chemical compounds for industrial use. One compound, called Fludex, is prepared usiny an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: During November, the following activity was recorded related to the production of Fludex: a. Materials purchased, 12,000 ounces at a cost of $225,000. b. There was no beginning inventory of materials; however, at the end of the month, 2,500 ounces of material remained in ending inventory: c. The company employs 35 lab technicians to work on the production of Fludex. During November, they each worked an average of 160 hours at an average pay rate of $22 per hour. d. Varlable manufacturing overhead is assigned to Fiudex on the bosis of direct labor-hours. Varlable manufacturing overhead costs during November totaled $18,200. e. During November, the company produced 3,750 units of Fludex. During November, the following activity was recorded related to the production of Fludex: a. Materials purchased, 12,000 ounces at a cost of $225,000 b. There was no beginning inventory of materials, however, at the end of the month, 2,500 ounces of material remained in ending inventory. c. The company employs 35 lab technicians to work on the production of Fludex. During November, they each worked an average of 160 hours at an average pay rate of $22 per hour. d. Variable manufacturing overhead is assigned to Fludex on the basis of direct labor-hours. Variable manufacturing overhead costs during November totaled $18,200. e. During November, the company produced 3,750 units of Fludex. Required: 1. For direct materials: a. Compute the price and quantity variances. b. The materials were purchased from a new supplier who is anxious to enter into a long-term purchase contract. Wold you recommend that the company sign the contract? 2. For direct labor: a. Compute the rate and efficiency variances: 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 fewer senior technicians and more assistants in order to reduce labor costs. Would you recommend that the new labor mix be continued? 3. Compute the variable overhead rate and efficiency variances, Complete this question by entering your answers in the tabs below. 3. Compute the price and quantity variances. b. The materials were purchased from a new supplier who is anxious to enter into a long-term purchase contract. Would you recommend that the company sign the contract? 2. For direct labor: a. Compute the rate and efficiency variances. 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 fewer senior technicians and more assistants in order to reduce labor costs. Would you recommend that the new labor mix be continued? 3. Compute the variable overthead rate and efficiency variances. Complete this question by entering your answers in the tabs below. For direct materials, compute the price and quantity variances. (Indigate the effect of each variance by seiecting "F" for favorable, "u" for unfavorable, and "None" for no effect (i.e., zero vahance), Input all amounts as positive values.) Required: 1. For direct materials: a. Compute the price and quantity variances. b. The materials were purchased from a new supplier who is anxious to enter into a long-term purchase contract. Would you recommend that the company sign the contract? 2. For direct labor: a. Compute the rate and efficiency variances. b. In the past, the 35 technicians employed in the production of Fludex consisted of 20 senior technicians and 15 assistants. Durir November, the company experimented with fewer senior technicians and more assistants in order to reduce labor costs. Would y recommend that the new labor mix be continued? 3. Compute the voriable overhead rate and efficiency variances. Complete this question by entering your answers in the tabs below. For direct materials, the materiais were purchased from a new supplier who is anxious to enter into a lang-term purchase contract. Would you recommend that the company sign the contract? Required: 1. For direct materials: a. Compute the price and quantity variences. b. The materials were purchased from a new suppliet who is anxious to enter into a long-term purchase contract. Would you recommend that the company sign the contract? 2. For direct labor: a. Compute the rate and efficiency variances. b. In the past, the 35 technicians employed in the production of Fludex consisted of 20 senior techniclans and 15 assistants. During Novembec, the company experimented with fewer senior techinicians and more assistants in order to reduce labor costs. Would you recommend that the new labor mix be continued? 3. Compute the variable overhead rate and efficiency variances. Complete this question by entering your answers in the tabs below. For direct labor, compute the rate and efficiency variances. (indicate the effect of each variance by seiecting TF for favorabie, "U" for unfavorable, and "None" for no effect (l.e, zero variance). Input all amounts as positive values.) Required: 1. For direct moterials: a Compute the price and quantity variances. b. The materiais were purchased from anew supplier who is anxious to enter into a long-term purchase contract. Would you recommend that the company sign the contract? 2. For direct labor: a. Compute the rate and efficiency variances, b. In the past, the 35 technicians employed in the production of Fludex consisted of 20 senior technicians and 15 assistants. Durit November, the company experimented with fewer senior technicians and more assistants in order to reduce labor costs. Would y recommend that the new labor mix be continued? 3. Compute the variable overhead rate and efficiency variances. Complete this question by entering your answers in the tabs below. For direct labor, in the past, the 35 techinicians employed in the production of Fludex consisted of 20 senior technicians and 15 assistants, During November, the company experimented with fewer senior technicians and more assistants in order to reduce. labor costs. Would you recommend that the new labor mix be continued? Requlred: 1. For oirect materlals: a. Compute the price and quantity variances. b. The materials were purchased from a new supplier who is anxious to enter into a long-term purchase contract. Would you recommend that the company sign the contract? 2. For direct labor: a. Compute the rate and efficiency variances. b. In the past, the 35 technicians employed in the production of Fludex consisted of 20 senior techniclans and 15 assistants, During November, the company experimented with fewer senlor technicians and more assistants in order to reduce labor costs. Would yot recommend that the new labor mix be continued? 3. Compute the variable overhead rate and efficiency variances. Complete this question by entering your answers in the tabs below. Compute the variable overhead rate and efficiency variances. (Indicate the elfect of each variance by selecting "F" for favorable, "U" for unfaverable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)