(b) Compute the total overhead variance. Total Overhead variance SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point The 180 hot maintain an inventory of test tubes. As a result, the tubes purchased each month are used that month. Actual activity for resulted in the following. Direct materials (2,940 test tubes) Direct labor (1,456 hours) Variable overhead Fixed overhead $5,292 45,136 8,316 15,960 Monthly budgeted fixed overhead is $17,880. Revenues for the month were $95,200, and selling and administrative expenses were $4,600 (a) Your answer is correct. Compute the price and quantity variances for direct materials and direct labor. Materials price variance 294 Favorable 12 Materials quantity variance 266 Unfavorable Labor price variance 1456 Favorable Labor quantity variance 1792 Unfavorable SHOWY LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. search Problem 26-05A a c (Part Level Submission) (Video) Hart Labs, Inc. provides mad cow disease testing for both state and federal governmental agricultural agencies. Becaus Therefore, Hart Labs must constantly monitor and control its testing costs. Shown below are the standard costs for a ty Direct materials (2 test tubes $1.90 per tube) $3.80 Direct labor (1 hour @ $32 per hour) 32.00 Variable overhead (1 hour $6.00 per hour) 6.00 Fixed overhead (1 hour @ $12.00 per hour) 12.00 Total standard cost per test $53.80 The lab does not maintain an inventone