My Staffing Services has established the following standards for client consulting services and has budgeted professional service fees revenue of $7,500 for 25 clients per month. 2 hours Standard Hours per client Standard price / fees $150 per hour The following data pertain to consulting services for the last month: 80 hours $175 per hour Actual consulting hours of service Actual price/fees per consulting hours Actual consulting fees charged for the month Actual number of clients $14,000 30 clients Required: (Show all calculations): a. What is the price/fees variance for the month? b. What is the hours variance for the month? Price / Fees variance = (AH'AP) - (AH'SP) Hours variance = SP X (AH-SH)