26-05A a-c (Part Level Submission) (Video) Hart Labs, Inc. provides mad cow disease testing for both state and federal governmental agricultural Therefore, Hart Labs must constantly monitor and control its testing costs. Shown below are the stand Direct materials (2 test tubes @ $1.90 per tube) Direct labor (1 hour @ $32 per hour) Variable overhead (1 hour @ $6.00 per hour) Fixed overhead (1 hour @ $12.00 per hour) Total standard cost per test $3.80 32.00 6.00 12.00 $53.80 The lab does not maintain an inventory of test tubes. As a result, the tubes purchased each month are resulted in the following. Direct materials (2,940 test tubes) Direct labor (1,456 hours) Variable overhead Fixed overhead $5,292 45,136 8,316 15,960 Monthly budgeted fixed overhead is $17,880. Revenues for the month were $95,200, and selling and adm (a) Compute the price and quantity variances for direct materials and direct labor. Materials price variance Materials quantity variance Labor price variance Labor quantity variance wernmental agricultural agencies. Because the company's customers are governmental agencies, prices are strictly regulated. wwn below are the standard costs for a typical test. urchased each month are used that month. Actual activity for the month of November 2020, when 1,400 tests were conducted, $95,200, and selling and administrative expenses were $4,600