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? Antuan Company set the following standard costs for one unit of its product. 2 Direct materials (4.0 Ibs. 2 $5.00 per Ib.)$20.00 Direct labor
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Antuan Company set the following standard costs for one unit of its product. 2 Direct materials (4.0 Ibs. 2 $5.00 per Ib.)$20.00 Direct labor (1.7 hrs. 3 $14.00 per hr.) Overhead (1.7 hrs. 2 $18.50 per hr.) Total standard cost 23.80 31.45 $75.25 Part 1 of4 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 10 points Overhead Budget (75% Capacity) Variable overhead costs $ 15,000 90,000 15,000 30,000 Indirect materials Indirect labor Power Repairs and maintenance Total variable overhead costs $150,000 Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision Total fixed overhead costs 25,000 72,000 17,000 207,750 321,750 $471,750 Total overhead costsStep by Step Solution
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