4. Compute the direct labor cost variance, including its rate and efficiency variances.

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 $101 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