18 Part 3 of 4 points Skipped Book References Required information Problem 23-3A (Algo) Flexible overhead budget; materials, labor, and overhead variances; and overheadi 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 (1.8 hours @ $11.00 per hour) Overhead (1.8 hours @ $18.50 per hour) Standard cost per unit $ 12.00 19.80 33.30 $65.10 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 (75% Capacity) Variable overhead costs Indirect materials $15,000 Indirect labor 75,000 Power 15,000 Maintenance 30,000 Total variable overhead costs 135,000 Fixed overhead costs Depreciation-Building 24,000 Depreciation-Machinery 71,000 Taxes and insurance 16,000 Supervisory salaries 253,500 Total fixed overhead costs 364,500 Total overhead costs $499,500 The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (46,000 pounds $4.20 per pound) Direct labor (21,000 hours @ $11.40 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $193,200 239,400 $ 41,050 176,900 17,250 34,500 24,000 95,850 44,400 253,500 657,450 $1,090,050