Question or 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 typicaltest. $3.80 32.00 Direct materials (2 test tubes @ $1.90 per tube) Direct labor (1 hour @ $32 per hour) Variable overhead (1 hour @ $6,00 per hour) Fixed overhead (1 hour @ 512.00 per hour) Total standard cost per test 6.00 12.00 $53.80 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 1.400 tests were conducted, resulted in the following $5.292 Direct materials (2,940 test tubes) Direct labor (1.456 hours) 45,136 Variable overhead 8.316 Fixed overhead 15.960 (a) Your answer is correct Compute the price and quantity variances for direct materials and direct labore Materials price variance 294 Favorable Materials quantity variance $ 266 Unfavorable Labor price variance $ 14561 Favorable Labor quantity variance $ 1792 Unfavorable e Textbook and Media List of Accounts Attempts: 1 of 3 used (b) Compute the total overhead variance. Total Overhead variance $ e Textbook and Media