overhead variance?

total variance?

Gross profit (actual)?

selling and adminstrative Expenses?

Net income/(loss)?

0./12 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. $3.80 30.00 Direct materialin (2 test tubes a $1,90 per tube) Direct lobor (1 hour $30 per hour) Variable overhead (1 hour @ $7.00 per hour Fixed overhead (1 hour $12.00 per hour) Total standard cost per test 7.00 12.00 $52.80 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 1,100 tests were conducted, resulted in the following $4,158 Direct materials (2.310 test tubes) Direct labor (1.155 hours) Variable overhead 33.495 7,106 Fixed overhand 13,101 Total standard cost per test $52.80 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 1,100 tests were conducted, resulted in the following. $4,158 Direct materials (2,310 test tubes) Direct labor (1.155 hours) 33,495 Variable overhead 7,106 Fixed overhead 13,101 Monthly budgeted fixed overhead is $17,400. Revenues for the month were $73,700, and selling and administrative expenses were $4.500. Your Answer Correct Answers Your answer is partially correct. Compute the total overhead variance. Total Overhead variance $ Favorable Total Variance Favorable Gross Profit (Actualy Selling and Administrative Expenses Net Income /(L095) e Textbook and Media List of Accounts Save for Later Attempts: 1 of 3 used Submit