Si 2 More Goudreu adunator of Clearwater Hospital, was puzzled by the prior month's reports. "Every month. It's anyone's gens whether the lab will show a profit of loss. Perhaps the only answer to increase ou bees again "We atteplied Rhode Grovers, the controle. "There are still a lot of complaints about the last increase. Dorticularly from the Insurance companies and government health ant. They're now saying only about Box of what we bilim beginning to the problem is on the coutside To determine if the Clearwator la contro in line with those of other hopital labo, Goudreau hanked you to evaluate the costs for the past month Groves has provide you with the following information 10 Two basic types of tests are performed in the smears and blood tests. During the past month 2.700 mers and 900 tests were performed in the tab Small glas plates are used in both types of tests. During the past month, the host purchased 10.000 plata com of $38.400 This cost is net of a purchase discount. A total of 2.000 of these pies were unused at the end of the months no plates were on hand at the beginning of the month During the past month. 1.100 hours of labour time were used in performing smears and food to the cost of sbour time was $18.450 d. The inb's variable overhead cost last month totaled $11700 e Fixed overhead cost last month totalled $10,400 Clearwater Hospital has never used standard costs By searching industry terature, however you have determined the folowing nationwide averages for hospitals Platest Three plates are reaire per la test. These plates cost $2.50 each and are disse or after the test is completed Labourt Each wear should require . hours to complete, and each blood test should require 0.6 hours to complete. The average cost of this time I $12 per hour. OverheadOverhead cost is based on direct mour-hours. The average rate of variable overhead is er hout. The average rate of taxed overheads per hour. These rates are based on a donator activity level of 1,25 hours per month Required: 1. Compute the materials price variance for the lates purchased tast month, and compute a material quantity variance for the plates used last month indicate the effect of each variance by selecting for favorable. "V for unfavorable, and "None for no effect ... ero variante) Marie van 2 Required: 1. Compute the material price variance for the plates purchased last month, and computea materials quantity Variance for the plates used last month (Indicate the effect of each variance by selecting "P"for favorable, "U" for unfavorable, and "None" for no effect fie, tero variances 5 Materials price variance Materials quantity variance 10 19,800 $ frances 2a. Compute a labour rate variance and a labour efficiency variance for the lab. (Indicate the effect of each varlance by selecting for favorable, "U" for unfavorable, and "None" for no effectie, zero variancel.) Labour rate variance Labour officiency variance 2 2-. This part of the question is not part of your Connect assignment 3-a. Compute the variable overhead spending and efficiency variances indicate the effect of each variance by selecting for favorable. "U" for unfavorable, and "None for no effecte.ro variances 10 Variable med spending variance Variable diciency variance 3-b. This part of the question is not part of your connect assignment 4. Compute the fived overhead budget and volume variances indicate the effect of each variance by selecting for favorable *U* for unfavorable, and "None" for no effect ile zero variances 2600 Fixed whead trudget variance Fixed whead volte variance 5 5