Hart Labs, Inc. provides mad cow disease testing for both state and federal governmental agricultural agencies. Because the companys 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.

Direct materials (2 test tubes @ $1.00 per tube)		$2.00
Direct labor (1 hour @ $32 per hour)		32.00
Variable overhead (1 hour @ $6.00 per hour)		6.00
Fixed overhead (1 hour @ $13.00 per hour)		13.00
Total standard cost per test		$53.00

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 1,400 tests were conducted, resulted in the following.

Direct materials (2,940 test tubes)		$2,646
Direct labor (1,442 hours)		44,702
Variable overhead		8,512
Fixed overhead		16,968

Monthly budgeted fixed overhead is $17,030. Revenues for the month were $93,800, and selling and administrative expenses were $4,600.

(a)

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

Materials price variance		$		Favorable Unfavorable Neither favorable nor unfavorable
Materials quantity variance		$		Unfavorable Neither favorable nor unfavorable Favorable
Labor price variance		$		UnfavorableNeither favorable nor unfavorableFavorable
Labor quantity variance