Problem 23-5A (Part Level Submission) Hart Labs, Inc. providesmad cow disease testing for both state and federal governmentalagricultural agencies. Because the company’s customers aregovernmental 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. Directmaterials (2 test tubes @ $1.80 per tube) $3.60 Direct labor (1hour @ $30 per hour) 30.00 Variable overhead (1 hour @ $7.00 perhour) 7.00 Fixed overhead (1 hour @ $13.00 per hour) 13.00 Totalstandard cost per test $53.60 The lab does not maintain aninventory of test tubes. As a result, the tubes purchased eachmonth are used that month. Actual activity for the month ofNovember 2017, when 800 tests were conducted, resulted in thefollowing: Direct materials (1,664 test tubes) $2,746 Direct labor(840 hours) 24,360 Variable overhead 5,280 Fixed overhead 10,080Monthly budgeted fixed overhead is $17,160. Revenues for the monthwere $52,000, and selling and administrative expenses were $4,100.(a) Your answer is correct. Compute the price and quantityvariances for direct materials and direct labor. (Round answers to0 decimal places, e.g. 5,275.) Materials price variance $ Materialsquantity variance $ Labor price variance $ Labor quantity variance$ Click if you would like to Show Work for this question: Open ShowWork Show Solution Show Answer Link to Text Link to Text Link toText Attempts: 1 of 3 used (b) Compute the total overhead variance.Total Overhead variance $