10 10 Part 2 of 41 5 points 0245.50 eBook Required information Problem 8-3A (Algo) Flexible overhead budget; materials, labor, and overhead variances; and overhead variance report LO P1, P2, P3, P4 (The following information applies to the questions displayed below) Antuan Company set the following standard costs per unit for its product. Direct materials (3.0 pounds 56.00 per pound) Direct labor (1.8 hours $12.00 per hour) Overhead (1.8 hours $18.50 per hour) Standard cost per unit $18.00 21.60 33.30 $72.90 The standard overhead rate ($18.50 per direct labor hour) is based on a predicted activity level of 75% of the factory's capacity of 20,000 units per month. Following are the company's budgeted overhead costs per month at the 75% capacity level. Overhead Budget (754 Capacity) Variable overhead costs Jo 10 Indirect naterials $15,000 Indirect labor 75,000 Power 15,000. Maintenance 30,000 References Total variable overhead costs 135,000 Fixed overhead costs Depreciation-Building 24,000 Depreciation-Machinery 70,000 Taxes and insurance, Supervisory salaries Total fixed overhead costs 18,000 252,500 364,500 $499,500 Total overhead costs The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (46,500 pounds 56.20 per pound) Direct labor (20,000 hours $12.30 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $ 41,900 176,800 17,250 34,500 24,000 94,500 16,200 252,500 $288,300 246,000 657,650 $ 1,191,950 Problem 8.30 10sto