4 Required information (The following information applies to the questions displayed below.) Part 3 of 4 Antuan Company set the following standard costs for one unit of its product. 8 points Direct materials (3.0 Ibs. @ $15.00 $5.00 per Ib.) Direct labor (1.6 hrs. @ $12.00 19.20 per hr.) Overhead (1.6 hrs. @ $18.50 per 29.60 hr.) Total standard cost $63.80 8 02:07:18 Skipped 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. Overhead Budget (75% Capacity) Variable overhead costs Indirect materials $ 15,000 Indirect labor 75,000 Power 15,000 Repairs and maintenance 30,000 Total variable overhead costs $135,000 Fixed overhead costs Depreciation- 23,000 Building Depreciation- Machinery 71,000 Taxes and insurance 17,000 Supervision 198,000 Total fixed overhead 309,000 Total overhead costs $444,000 costs The company incurred the following actual costs when it operated at 75% of capacity in October. $ 234,600 233,700 Direct materials (46,000 Ibs. @ $5.10 per lb.) Direct labor (19,000 hrs. @ $12.30 per hr.) Overhead costs Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation Machinery Taxes and insurance Supervision Total costs $ 41,750 176, 250 17,250 34,500 23,000 95,850 15,300 198,000 601,900 $1,070,200 4. Compute the direct labor cost variance, including its rate and efficiency variances. AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Actual Cost Standard Cost $ 0 $ 0 $ 0 0