Questions1. Compute the materials price and materials quantity2. Compute the labor rate variance and labor efficiency variances.3. Compute the variable overhead rate and efficiency variances

uces various chemical compounds for industrial use. One compoun cess. The company has developed standard costs for one unit of Flu Standard Quantity Standard Price or Hours or Rate 2 . 60 ounces $ 29 . 00 per ounce 0 . 60 hours $ 12 . 00 per hour ring overhead 0 . 60 hours $ 3. 50 per hour t per unit following activity was recorded related to the production of Fludex: d, 14,000 ounces at a cost of $388,500. ining inventory of materials; however, at the end of the month, 2,950 bys 22 lab technicians to work on the production of Fludex. During No rage pay rate of $11.00 per hour. ring overhead is assigned to Fludex on the basis of direct labor-hours. taled $5,500. he company produced 4,200 units of Fludex. and quantity variances. purchased from a new supplier who is anxious to enter into a long-term 3 of B Next