Check my work 2 Problem 10-14 Basic Variance Analysis [LO10-1, LO10-2, LO10-3] 10 points 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 Standard Quantity or Hours Standard Price or Rate $25.00 per ounce $15.00 per hour $ 3.00 per hour Standard eBook Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit 2.20 ounces 0.50 hours 0.50 hours $55.00 7.50 1.50 $64.00 Print References During November, the following activity was recorded related to the production of Fludex: a. Materials purchased, 12,000 ounces at a cost of $282,000. b. There was no beginning inventory of materials; however, at the end of the month, 2,750 ounces of material remained in ending C. The company employs 25 lab technicians to work on the production of Fludex. During November, they each worked an average of d. Variable manufacturing overhead is assigned to Fludex on the basis of direct labor-hours. Variable manufacturing overhead costs e. During November, the company produced 4,100 units of Fludex. inventory 110 hours at an average pay rate of $11.50 per hour. during November totaled $2,400