Problem 10-14 (Algo) Basic Variance Analysis [LO10-1, LO10-2, LO10-3] Becton Labs, Incorporated, produces various chemical compounds for industrial use. One compound, calfed Fludex, is prepated using 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. Materiak purchased, 13,500 ounces at a cost of $266,625 b. There wos no beginning imentory of materials: however, at the end of the month, 4,200 ounces of materiat remained in ending inventory c. The company empioys 24 lab fechniclans to work on the production of Fludex. Duing November, they each worked an average of 140 hours at an iverage piry rate of $14.50 per hour. d. Variable manufacturing overhead is assigned to Fludex on the basis of direct labor-houss. Variable manufacturing overhead costs duing November totalnd $6,800 e. During November, the company produced 3,800 units of Fludex