5.30 Artuan Company set the following standard costs per unit for its product Direct saterials (6 pounds 35 per pound) Direct lobo (2 hours 512 per hour) 34 Overhead ( hours $11.50 per hour) 32 Standard cost per unit $ 101 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 Obec Oy Varble overhead costs Indirectes 3:45.000 Indirect labor 10,000 Power 45,000 Maintenance 0.000 Total ware verhind costs 150,000 Fixed overhead costs Depreciation.olding 24,00 Depreciatioachinery NO, and Insurance 12,000 Supervisory series Total fixed overhead costs 195,00 Total Overhead costs 1.555.000 The company incurred the following actual costs when it operated at 75% of capacity in Octobet Direct materials (01.000 pounds 55.10 per pound) $464,100 Director (10.500 hours $17.25 per hour 5.125 Overhead costs Indirect materials $4,250 Indirect labor 177,750 Pour 13.000 Maintenance 96.000 Deprecatto-Bulling 20.000 Depreciation-achinery 75.00 Tres and the 11.500 Supervisory salaris 000 500 Total costs $ 1.550,725 2. Compute the direct materials variance, including its price and quantity Varian favorable, unfavorable, or no variance.) (Indicate the effect of each variance by selecting Actual Cost Standard Cost Antuan Company set the following standard costs per unit for its product Direct naterials (6 pounds per pound) $ 30 Direct labor (2 hours $17 per hour) 34 Overhead (2 hours $19.50 per hour) 37 Standard cost per unit $ 101 The standard overhead rate (S18.50 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 (25%pacity) Variable overhead costs Indirect materials $ 45,000 Indirect labor 180,00 Power 45,000 Maintenance 90.000 Total variable overhead costs 360.000 Fixed overhead costs Depreciation Building 24, Depreciation Machinery 80,000 Taxes and Insurance 12,000 Supervisory salaries 29,000 Total fixed overhead costs 195.000 Total overhead costs $ 555,000 The company incurred the following actual costs when it operated at 75% of capacity in October Direct materials (93, ece pounds 55.18 per pound) 5464,100 Direct labor (30,500 hours $17.25 per hour) 526, 125 Overhead costs Indirect materials 5.44.250 Indirect labor 172,250 Power 3,00 Maintenance 96.000 Depreciation-Building 24,000 Depreciation Machinery 25,000 Taxes and insurance 11,500 Supervisory salaries 560 Total costs 31,550,25 3. Compute the direct labor variance, including its rate and efficiency variances Indicate the effect of each vorlance by selecting favorable, unfavorable, or no variance. Round "Rate per hour answers to two decimal places. Actual Cost Standard Cost