all one question, accounting practice and want to check my answers thanks. ...
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all one question, accounting practice and want to check my answers thanks.
Current Attempt in Progress Swifty Labs, Inc, provides mad cow disease testing for both state and federal governmentalagricultural agencies. Because the company's customers are governmental agencies, prices are strictly regulated, Therefore, Swifty Labs must constantly monitoran! controlits testing costs. Shown below are the standard costs for a typical test. he lab does not maintain an inventory of test tubes, As a result, the tubes purchased each month are used that month. Actual activity or the month of November 2022 , when 1 noo tests were conducted, resulted in the following: Monthly budgeted foxed overhead is $18,000. Revenues for the month were $68,000, and selling and administrative expenses were $4,900. Compute the price and quantity variances for direct materials and direct labor. Compute the total overhead variance. Prepare an income statement for management. Question 1 of 1
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