Hart Labs, Inc. provides mad cow disease testing for both state and federal governmental agricultural agencies. Because the company's customers are governmental agencies, prices are strictly regulated. Therefore, Hart Labs must constantly monitor and control its testing costs. Shown below are the standard costs for a typical test. 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 month of November 2022, when 1,475 tests were conducted, resulted in the following. Monthly budgeted fixed overhead is $14,000. Revenues for the month were $75,000, and selling and administrative expenses were $5,000. Compute the price and quantity variances for direct materials and direct labor. $ Materials quantity variance $ $ Labor quantity variance $ eTextbook and Media List of Accounts b) Compute the total overhead variance. (c) Prepare an income statement for management. HART LABS, INC. Income Statement $ (c) Prepare an income statement for management. HART LABS, INC. Income Statement $ $