15 Required information [The following information applies to the questions displayed below. Part 2 of 4 Antuan Company set the following standard costs per unit for its product. 3 points Direct materials (4.0 pounds @ $4.00 per pound) Direct labor (1.9 hours 4 $12.00 per hour) Overhead (1.9 hours @ $18.50 per hour) Standard cost per unit $ 16.00 22.80 35.15 $ 73.95 8 04:33:25 8 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 (758 Capacity) Variable overhead costs Indirect materials Indirect labor Power Maintenance Total variable overhead costs Fixed overhead coats 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. $ 252,150 231,800 Direct materials (61,500 pounds @ $4.10 per pound) Direct labor (19,000 hours @ $12.20 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building Depreciation Machinery Taxes and insurance Supervisory salaries Total costs $ 41,700 176,200 17,250 34,500 24,000 95,850 15,300 280,250 685,050 $ 1,169,000 2. Compute the direct materials variance, including its price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Cost Standard Cost 0 $ 0 $ 0 $ 0 0