please solve it in brief asap#3

John Fleming, chief administrator for a district hospital , is concerned about costs for tests in the hospital's lab. Fleming has asked you to evaluate costs for the past month. The following information is available: a. Basically, two types of tests are performed in the lab-blood tests and smears During the past month, 3.060 blood tests and 4,080 smears were performed in the lab. bSmall glass plates are used in both types of tests. During the past month, the hospital purchased 20.400 plates at a cost of $43,860 This cost is net of a 6% quantity discount 2040 of these plates were still on hand unused at the end of the month there were no plates on hand at the beginning of the month c During the past month, 1,850 hours of labour time were recorded in the lab. The cost of this labour time was $22,015 d. Variable overhead cost last month in the lab for utilities and supplies totalled $11655. The hospital has never used standard costs. By searching Industry literature, however, you have determined the following nationwide averages for hospital labs Plotes: Two plates are required per lab test. These plates cost $2.30 each and are disposed of after the test is completed. Labour Each blood test should require 0.30 hour to complete, and each snear should require 0.15 hour to complete. The average cost of this lab time is $14.00 per hour Overhead! Overhead cost is based on direct labour hours. The average rate for variable overhead 15 $5.20 per hour Fleming would like a complete analysis of the cost of plates, labour and overhead in the lab for the last month so that he can get to the root of the lab's cost problem Required: 1. Computea materials price variance for the plates purchased last month and a materials quantny variance for the plates used last month (Indicate the effect of each variance by selecting "F" for favourable "U" for unfavourable, and "None" for no effect (... zero variance).) Materials price variance Materials quartly variance 2. For labour cost in the lab a. Compute a labour rate variance and a labour efficiency variance (Do not round intermediate calculations. Round "Efficiency variance" answer to 2 decimal places. Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) Labour rate variance Labour efficiency variance b. This part of the question is not part of your Connect assignment 3-a. Compute the variable overhead spending and efficiency variances (Do not round intermediate calculations. Round "Efficiency variance" answer to 2 decimal places. Indicate the effect of each variance by selecting "F" for favourable. "U" for unfavourable, and "None" for no effectie. zero variance.).) Variable overhead spending variance Variable overhead officiency variance