Problem 10-14 (Algo) Basic Variance Analysis [LO10-1, LO10-2, LO10-3] Becton Labs, Incorporated, 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: During November, the following actlity was recorded related to the production of Fludex: a. Materlals purchased, 10,500 ounces at a cost of $143,325 b. There was no beginning inventory of materlals; however, at the end of the month, 3,050 ounces of material remained in ending inventory. c. The compony employs 21 lab technicians to work on the production of Fludex. During November, they each worked an average of 160 hours at an average pay rate of $13.50 per hour. d. Variable manufacturing overhead is assigned to fludex on the basis of direct labor-hours. Variable manufacturing overhead costs during November totaled $6,800. e. During November, the company produced 3,500 units of Fiudex