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Help Save & Est Submit 6 Becton Labs, Incorporated, produces various chemical compounds for industrial use. One compound, called Fludes, la prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fiudex, as follows: Standard Quantity de Bandar Pei er Standard ata Cost Direct material 2.00 130.00 per ounce $ 60.00 Direct labor 0.50 hours 1 14.00 per hour 7.00 Variable manufacturing overhead 0.50 hours 33.40 per hour 1.10 total standard cost per unit 18.10 During November, the following activity was recorded related to the production of Pludex 4.2 points we a. Materials purchased, 10,000 ounces at a cost of $287,000 b. There was no beginning inventory of materials: however at the end of the month. 3.000 ounces of material remained in ending Inventory c. The company employs 20 lob technicians to work on the production of Pudex. During November, they each worked an average of 130 hours at an average pay rate of $12.00 per hour . Variable manufacturing overhead is signed to Fludex on the basis of direct labor hour. Varlable manufacturing overhead costs during November totaled $4.700 e During November, the company produced 3,400 units of Fudex 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 B recommend that the company sign the contract? 2. For direct labor a. Compute the rate and officiency variances. b. In the past, the 20 technicians employed in the production of Fudex consisted of 4 senior technicians and 16 assistants. During Mc Graw pute 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. Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Reg 2A Reg 28 Reg 3 For direct materials, 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? Yes No Reg 1A Req2A) Save & Exit Submit 6 Help - recommend that the company sign the contract? 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? 2 3. Compute the variable overhead rate and efficiency variances. Spoed Complete this question by entering your answers in the tabs below. Reg 1A eferences Reg 18 Reg 2A Req3 Reg 20 For direct labor, compute the rate and efficiency variances. (indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (le, zero variance). Input all amounts as positive values.) Laborrate variance Labor efficiency variance 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. Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2A Reg 28 Reg 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? Yos ONO