15 Part 2 of 4 2 Required information [The following information applies to the questions displayed below.] Antuan Company set the following standard costs for one unit of its product. 3 points Direct materials (4.0 Ibs. @ $4.00 per Ib.) Direct labor (1.9 hrs. $13.00 per hr.) Overhead (1.9 hrs. @ $18.50 per hr.) Total standard cost $16.00 24.70 35.15 $75.85 eBook Print The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume 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 (75% Capacity) Variable overhead costs Indirect materials $ 15,000 Indirect labor 75,000 Power 15,000 Repairs and maintenance 30,000 Total variable overhead costs $135,000 Fixed overhead costs Depreciation-Building 25,000 Depreciation Machinery 70,000 Taxes and insurance 16,000 Supervision 281,250 Total fixed overhead costs 392,250 Total overhead costs $527,250 The company incurred the following actual costs when it operated at 75% of capacity in October $ 254,100 279,300 Direct materials (68,500 Ibs. @ $4.20 per lb.) Direct labor (21,080 hrs. @ $13.30 per hr.) Overhead costs Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision Total costs $ 41,550 176,750 17,250 34,500 25,000 94,500 14,400 281,250 685,200 $1,218,680 4. Compute the direct labor cost variance, including its rate and efficiency variances (Indicate the effect of each variance by selecting for favorable, unfavorable, and No variance. Round "Rate per hour" answers to two decimal places.) Actual Cost Standard Cost $ 0 S $ of 0