4 Antuan Company set the following standard costs for one unit of its product. Direct materials (6 Ibs. $5 per Ib.) Direct labor (2 hrs. $17 per hr.) Overhead (2 hrs. $18.50 per hr.) Total standard cost $ 30 34 Part 4 of 4 $ 101 5 polnts 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. eBook Overhead Budget (75% Capacity) Variable overhead costs Print Indirect materials Indirect labor Power Repairs and maintenance Total variable overhead costs $ 45,000 180,000 45,000 90,000 References $360,000 Fixed overhead costs Depreciation-Building Depreciation-Machinery 24,000 80,000 12,000 79,000 axes and insurance Supervision Total fixed overhead costs 195,000 $555,000 Total overhead costs The company incurred the following actual costs when it operated at 75% of capacity in October Direct materials (91,000 Ibs. $5.10 per lb. Direct labor (30,500 hrs. $17.25 per hr.) Overhead costs $ 464,100 526,125 Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision $ 44,250 177,750 43,000 96,000 24,000 75,000 11,500 89,000 560,500 $1,550,725 Total costs ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 Expected production volume Production level achieved Volume variance Flexible Budget Actual Results Variances Fav.I Unfav Variable costs Fixed costs Total overhead costs