Answer is not complete. ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 75% of capacity Expected production volume Production level achieved 75% of capacity Volume variance Flexible Actual Results Variances Fav./ Unfav. Budget Variable costs Indirect materials $ Indirect labor Power 30,000 75,000 30,000 Repairs and maintenance 135,000 Fixed costs Depreciation Building Taxes and insurance Supervision 24,000 95,850 X 16,200 X 136,050 Total overhead costs Direct materials (4.0 Ibs. @ $6.00 per Ib.) Direct labor (1.9 hrs. @ $11.00 per hr.) Overhead (1.9 hrs. @ $18.50 per hr.) Total standard cost $24.00 20.90 35.15 $80.05 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 $ 30,000 Indirect labor 75,000 Power 30,000 Repairs and maintenance 45,000 Total variable overhead costs Fixed overhead costs Depreciation-Building 24,000 Depreciation-Machinery 71,000 Taxes and insurance 18,000 Supervision 234, 250 Total fixed overhead costs Total overhead costs $180,000 347,250 $527, 250 The company incurred the following actual costs when it operated at 75% of capacity in October. $ 369,050 259,900 Direct materials (60,500 Ibs. $6.10 per lb.) Direct labor (23,000 hrs. @ $11.30 per hr.) Overhead costs Indirect materials Indirect labor $ 41,500 176,800 24 500 Power capacity vi Luvvu uIILS PCI HIVIILIT. I VITU VIITY JIC LIC Lurripurny wuuycucu UVCHICUL LUI CI HIVIILIT ULLIIC Iun capacity level. Overhead Budget (75% Capacity) Variable overhead costs Indirect materials $ 30,000 Indirect labor 75,000 Power 30,000 Repairs and maintenance 45,000 Total variable overhead costs Fixed overhead costs Depreciation-Building 24,000 Depreciation Machinery 71,000 Taxes and insurance 18,000 Supervision 234,250 Total fixed overhead costs Total overhead costs $180,000 347,250 $527,250 The company incurred the following actual costs when it operated at 75% of capacity in October. $ 369,050 259,900 Direct materials (60,500 Ibs. @ $6.10 per lb.) Direct labor (23,000 hrs. @ $11.30 per hr.) Overhead costs Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation Machinery Taxes and insurance Supervision Total costs $ 41,500 176,800 34,500 51,750 24,000 95,850 16,200 234,250 674,850 $1,303,800