6 Ch 26: Homework nline instructure.com/courses/47595/assignments/1036745 C Email N NOC USD Thesaurus G Google Question 2 View Policies Current Attempt in Progress Hart Lab, in provides madcow disease testing for both state and federal governmental gr a constantly monitor and controllit testing cont. Shown below are the standard s for a typical test ndes. Because the companyantomers Direct materials (2 test tubes $170 per tube) Direct labor (1 hour $30 per hour) Variable overhead (1 hour $7.00 per hour) Pod overhead (1 hour $13.00 per hour) Total standard cost per test $3.40 30.00 700 13.00 $53.40 The lab does not maintain an inventory of test tubes. As a result, the tubes purchased each month are used that month Actual activity for the morn Direct materials (1.680 test tubes) $2,688 Direct labor (832 hours) 23.296 Variable overhead 4.800 Fored overhead 10,632 Monthly budgeted fowed overhead is $18.460. Revenues for the month were $53,600 and selling and administrative expenses were $3.700 Compute the price and quantity variances for direct materials and direct labor. Materials price variance Materials quantity variance Labor price variance Labor quantity variance eTextbook and Media O NFO DELL e s G Google Assignments > Ch 26: Homework Ch 26: Homework Question 2 View Policies Current Attempt in Progress Hart Labs, Inc. provides madcow disease testing for both state and federal governmental agricultural agencies. Because the companys.customers are government O constantly monitor and control its testing costs. Shown below are the standard.costs for a typical test r chi d Therefore Hart Lab must Direct materials (2 test tubes $170 per tube) Direct labor (1 hour $30 per hour) Variable overhead (1 hour $7.00 per hour Fixed overhead (1 hour $13.00 per hour) Total Standard cost per test $3.40 30.00 7.00 13.00 $53.40 were conducted in the following that month. Actual activity for the month of November 2020, when 8001 The lab does not maintain an inventory of test tubes. As a result, the tubes purchased Direct materials (1.680 test tubes) $2.688 Direct labor (832 hours) 22-296 Variable overhead 4.800 Fixed overhead 10,632 Monthly budgeted fred overhead is $18.460. Revenues for the month were 553.600 and selling and administrative persevere 1.700 Activate Windows ate G Compute the price and quantity variances for direct materials and director Materials price variance otra DELL