4. Prepare a detailed overhead variance report that shows the variances for individual items of overhead. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 Expected production volume Production level achieved 75% of capacity 75% of capacity Volume Variance No variance Flexible Budget Actual Results Variances Favorable/Unfavorable Variable overhead costs Indirect materials $ 15,000 $ Indirect labor 75,000 41,700 $ 176,150 26,700 Unfavorable 101,150 Unfavorable Power Maintenance 15,000 17,250 2,250 Unfavorable 30,000 34,500 4,500 Unfavorable Total variable overhead costs 135,000 269,600 134,600 Unfavorable Fixed overhead costs Depreciation-Building 25,000 25,000 Depreciation-Machinery 72,000 97,200 0 No variance 25,200 Unfavorable Taxes and insurance 17,000 15,300 1,700 Favorable Supervisory salaries 306,000 306,000 0 No variance Total fixed overhead costs 420,000 443,500 $ 23,500 Unfavorable Total overhead costs 555,000 $ 713,100 $ 158,100 Unfavorable Volume Variance Budgeted (flexible) overhead $ 158,100 Standard overhead applied Volume variance $ 158,100 Total overhead variance