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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 Standard Cost Direct materials 2.30 ounces $ 26.00 per ounce $ 59.80 Direct labor 0.50 hours $ 14.00 per hour 7.00 Variable manufacturing overhead 0.50 hours $ 3.40 per hour 1.70 Total standard cost per unit $ 68.50 During November, the following activity was recorded related to the production of Fludex: Materials purchased, 12,500 ounces at a cost of $305,625. There was no beginning inventory of materials; however, at the end of the month, 2,800 ounces of material remained in ending inventory. The company employs 21 lab technicians to work on the production of Fludex. During November, they each worked an average of 150 hours at an average pay rate of $12.00 per hour. Variable manufacturing overhead is assigned to Fludex on the basis of direct labor-hours. Variable manufacturing overhead costs during November totaled $4,200. During November, the company produced 4,200 units of Fludex. 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 recommend that the company sign the contract? 2. For direct labor: a. Compute the rate and efficiency variances. b. In the past, the 21 technicians employed in the production of Fludex consisted of 4 senior technicians and 17 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.

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You own a bond that has a duration of 6 years. Interest rates are currently 7%,...

You own a bond that has a duration of 6 years. Interest rates are currently 7%, but you believe the Fed is about to increase interest rates by 22 basis points. Your predicted price change on this bond is ________....

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The probability is 1 in 4,000,000 that a single auto trip in the United States will result in a fatality

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Calculate missing amounts E1-9 Here are incomplete financial statements for Donavan, Inc LO 3), AN DONAVAN,...

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37 Find all all solutions to cos ( 53 + = 1 4 Find all solutions...

37 Find all all solutions to cos ( 53 + = 1 4 Find all solutions to 6 tanx – 20 tan x + 6 = 0...

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9. 100-g aluminum calorimeter contains 250-g of water. The two substances are in thermal equilibrium at...

9. 100-g aluminum calorimeter contains 250-g of water. The two substances are in thermal equilibrium at 10° C. Two metallic blocks are placed in the water. One is a 50- piece of copper at 80° C. The other sample has a mass of 70-g and is originally at temperature of 100° C. The entire sy...

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Explain what you did when it was difficult to understand the text. Did you read? Ask...

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1. Consider the Lotka-Volterra model for the interaction between a predator population (wolves W(t)) and a...

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1. (20 points) a) Consider a star with the same mass as our sun but with...

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You thought you were done but your instructor realized someone had left another unknown compound on...

You thought you were done but your instructor realized someone had left another unknown compound on the counter. Your instructor asked you to identify this compound as well so that it can be disposed of properly. You decide to take an IR but find this time it’s completely booked by research st...

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Maxa Marina exchanged a boat with a cost of $80,000 (now 75% depreciated) and fair value...

Maxa Marina exchanged a boat with a cost of $80,000 (now 75% depreciated) and fair value of $25,000 for another boat with a current fair value of $27,000. No cash was paid or received. The new boat will perform the same function as the old boat, but cash flows are expected to last for 5 years longer...

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How many grams of protein would a 120 lb. woman require after major physiological stress? A)...

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Take me to the text DC Hotel's net income for the year ended October 31, 2020...

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Refer to the diagram that shows an ADIAS model fora hypothetical economy The economy begins in...

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Score: 0 of 1 pt 5 of 10 (1 complete) HW Score: 10%, 1 of 10...

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A certain rifle bullet has a mass of 7.17 g. What is the de Broglie wavelength of the bullet traveling at 790.6 meters per second?

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At least one of the answers above is NOT correct. (1 point) Let K Z7, the...

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The table below shows values for an exponential function. Find a formula for the function. t...

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