Omega Labs carries out Covid-19 related and other blood tests for local hospitals and clinics. The standard cost card for each test is given below: E Chemicals used in test: 10 millilitres at 10.50 per 5.00 ml Laboratory worker: 15 minutes at $16 per hour 4.00 Fixed overhead of the testing centre 2.00 Total cost 11.00 Charge for each test 15.00 Standard profit per test 4.00 The centre has fixed overheads of $72,000 per year and plans to carry out 36,000 tests every year at the rate of 3,000 tests per month. In May 2021, the following results were recorded: Number of tests carried out 3,600 E Chemicals used in tests: 33,750 millilitres at E0.48 per 16,200 ml Laboratory workers: 925 hours at $16.20 per hour 14, 985 Fixed overhead of the testing centre 7,500 Total cost 38, 685 Charge for each test 3,600 at $15.50 55,800 Profit for May 17, 115