9 Part 1 of 4 5 points 02:46:43 eBook Print References Required information Problem 8-3A (Algo) Flexible overhead budget; materials, labor, and overhead variances; and overhead variance report LO P1, P2, P3, P4 [The following information applies to the questions displayed below.) Antuan Company set the following standard costs per unit for its product. Direct materials (3.0 pounds $6.00 per pound) Direct labor (1.8 hours $12.00 per hour) Overhead (1.8 hours $18.50 per hour) Standard cost per unit $18.00 21.60 33.30 $72.90 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. Overhead Budget (751 Capacity) Variable overhead costs Indirect materials Indirect labor Power Maintenance Total variable overhead costs Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total fixed overhead costs Total overbead costs $ 15,000 75,000 15,000 30,000 135,000 24,000 70,000 18,000 252,500 364,500 $499,500 The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (46,500 pounds $6.20 per pound) Direct labor (20,000 hours $12.30 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance bepreciation-Building Depreciation-Machinery Taxen and insurance Supervisory salaries Total costa $ 41,900 176,800 17,250 34,500 24,000 94,500 16,200 252,500 $288,300 246,000 657,650 $ 1,191,950