Help Save & Exit Sub Check my wor 4 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 Standard Price or Rate Cost s 68.00 7.08 s 3.40 per hour1.7e 68.70 Direct materials Direct labor 2.00 ounces 0.50 hours 0.58 hours 30.00 per ounce $14.00 per hour Total standard cost per unit Print During November. the following activity was recorded related to the production of Fludex: b. There was no beginning inventory of materials however, at the end of the month, 3.000 ounces of material remained in ending c The company employs 20 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 3.400 units of Fludex inventory 130 hours at an average pay rate of $12.00 per hour. during November totaled $4.700. For direct materials: a. Compute the price and quantity variances recommend that the company sign the contract? 2. For direct labor: d from a new supplier who is anxious to enter into a long-term purchase contract. Would you