This is one question. Please answer my question completely. Chegg has a tendency to answer questions partially. And yes, I'm aware of the policy. This is ONE question . Thank you.

Becton Labs, Inc. produces various chemical compounds for industrial use. One compound, called Fludex is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: average of 150 hours at an average pay rate of $14.00 per hour. d. Variable manufacturing overhead is assigned to Fludex on the basis of direct labor-hours. Variable manufacturing overhead costs during November totaled $6.500. e. During November, the company produced 3,600 units of Fludex. Direct materials Standard Quantity Standard Price Standard or Hours or Rate Cost 2.60 ounces $20.00 per $ 52.00 ounce 0.60 hours $16.00 per hour 9.60 Direct labor Variable manufacturing overhead Total standard cost 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? 0.60 hours $ 4.50 per hour 2.70 $ 64.30 per unit During November, the following activity was recorded related to the production of Fludex: 2. For direct labor: a. Compute the rate and efficiency variances. b. In the past, the 20 technicians employed in the production of Fludex consisted of 4 senior technicians and 16 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. a. Materials purchased, 13,000 ounces at a cost of $244.400 b. There was no beginning inventory of materials: however, at the end of the month, 3,300 ounces of material remained in ending inventory c. The company employs 20 lab technicians to work on the production of Fludex During November, they each worked an