Antuan Company set the following standard costs for one unit of its product. Direct materials (4.2 Ibs. @ $5.00 per Ib.) Direct labor (1.8 hrs. @ $13.00 per hr.) Overhead (1.8 hrs. @ $18.50 per hr.) Total standard cost $20.00 23.4e 33.30 $76.70 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) $ 15,000 75,000 15.000 30.000 $135,000 Variable overhead costs Indirect materials Indirect labor Power Repairs and maintenance Total variable overhead costs Fixed overhead costs Depreciation-Building Depreciation Machinery Taxes and insurance Supervision Total fixed overhead costs Total overhead costs 23,000 71,000 18,000 252,500 364.500 $ 499,500 The company incurred the following actual costs when it operated at 75% of capacity in October $319,800 258,888 Direct materials (61,500 lbs. $5.20 per 1b.) Direct labor (19,00 hrs. $13.20 per hr.) Overhead costs Indirect materials Indirect labor Power Repairs and maintenance Depreciation Building Depreciation-Machinery Taxes and insurance Supervision Total costs $ 41,650 176,05 17,250 34,500 23,000 95,850 16,200 252.5ee 657.000 51,227.600 3. Compute the direct materials cost variance, including its price and quantity variances (indicate the effect of each variance by selecting for favorable, unfovorable, and No variance.)