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 $2020,$ when $800$ tests were conducted, resulted in the following.

Monthly budgeted fixed overhead is $$17,160.$ Revenues for the month were $$52,000,$ and selling and adminstrative expenses were

$$4,100.$

$($a$)$

Compute the price and quantity variances for direct materials and direct labor.

eTextbook and Media

List of Accounts