Thanks for helping during this pandemic.

John Poming chief administrator for Valley ViewHospitales concerned about the costs for tests in the hospita's lab. Charges for la tests are conuery higher at Valey View than at other hospitals and have resulted in any complaints. Also, because of strict regulations on amounts rembursed for latest payments receved from insurance companies and governmental units have not been high enough to cover la cost Mr. Fleming has asked you to evaluate costs in the hospitals for the month the following information is available a. Two types of tests are performed in the labblood tests and nears Dong the past month 200 blood tests and 2000 smears were performed in the labs Smal gloss plates are used in both types of tests. During the past month, the n put 000 plates at a cost of $32.900 1000 of these plates were used at the end of the month no plates were on hand at the beginning of the month During the past 1000 hours of labor time were recorded in the lab at a dost of $1,300. d. The tab's vatie overhead cost last month totaled $5600 Blyarching industry tette how youve determine the following Valley View Hospital has never used standard nowicie wres for hospitallats Plates Three pies nie regured per lab test. These plates cost 53.50 each and are disposed of why the completed Labor Each blond test should recure hours to complete, and each smer should rec o urs to comete the average cost of this lobtine is $100 per hour Overend Overhead cost is based on direct labor-hours. The average rate for alle 56.10 per hour Required 1. Compute a mais price variance for the plates purcha si m a damaterials quantity variance for the tes used last 2 Forlabor cost in the lab: Computea laborate variance aria laboreticiency valance Din motivospitals, one half of the workers in the bare senior technician tonehalfare assistants in an effort to casts Valley View Hospital plays only one fourth senior technicians and three reuthis assistants. Would you recommend that this cocy to come the variable overhead and efficiency variances there any relation between the variatie overhed e variance and the abortceny war Complete this by entering your answers in the tasto ROBA we a r Computea materi to c e for the popul heart of ways F i ty and the lates orlag For labor cost in the lab, Compute a labor rate variance and a labor efficiency variar vanance by selecting "F" for favorable, "U" for unfavorable, and "None' for no effect as positive values.) Labor rate variance Labor efficiency variance eg In most hospitals, one-half of the workers in the lab are senior technicians and one-half are assistants. In an effort to reduce costs, Valley View Hospital employs only one-fourth senior technicians and three-fourths assistants. Would you recommend that this policy be continued? favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance Variable overhead rate variance Variable overhead efficiency variance