16 Part 1 of 4 points References Required information Problem 23-3A (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 $4.00 per pound) Direct labor (3.8 hours $11.00 per hour Overhead (1.8 hours $18.50 per hour) Standard cost per unit 5 12.08 19.0 3.38 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 Overtread Budget (75% Capacity) Variable overhead costs Indirect materials 15,000 Indirect labor 75.000 Power 15.000 50,000 Total variable overhead costs Fixed overhead costs Depreciation-Building 24,000 253100 $499.500 Depreciation-machinery pervisory isurance Totaled overhead costs Total overhead costs The company Incurred the following actual costs when it operated at 75% of capacity in October Direct materials (46,000 pounds Direct labor (21,000 hours Overhead costs Indirect materials Indirect labor Depreciation-Building Depreciation-Machinery Taxes and Insurance Supervisory salaries Total cus $4.20 per pound) $11.40 per hour) 176,000 17,250 34,500 24, 95.850 14,400