13 4. Prepare a detailed overhead variance report that shows the variances for individual items of overhead. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Part 4 of 4 ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 0.92 points Expected production volume Production level achieved Volume Variance eBook Variances Flexible Budget Actual Results Favorable/Unfavorable Variable overhead costs Print o References Fixed overhead costs Total overhead costs Volume Variance $ 0 Volume variance Total overhead variance 13 Required information (The following information applies to the questions displayed below. Part 4 of 4 Antuan Company set the following standard costs per unit for its product. 4 4 Direct materials (4.0 pounds @ $5.00 per pound) Direct labor (1.9 hours @ $13.00 per hour) Overhead (1.9 hours @ $18.50 per hour) Standard cost per unit $ 20.00 24.70 35.15 $ 79.85 0.92 points 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. eBook Print $ 15,000 75,000 15,000 30,000 135,000 References Overhead Budget (75% Capacity) Variable overhead costs Indirect materials Indirect labor Power Maintenance Total variable overhead costs Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total fixed overhead costs Total overhead costs 24,000 71,000 17,000 280,250 392,250 $ 527,250 The company incurred the following actual costs when it operated at 75% of capacity in October. $ 311,100 290,400 Direct materials (61,000 pounds @ $5.10 per pound) Direct labor (22,000 hours @ $13.20 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building Depreciation Machinery Taxes and insurance Supervisory salaries Total costs $ 41,300 176,250 17,250 34,500 24,000 95,850 15,300 280, 250 684,700 $ 1,286,200