Antuan Company set the following standard costs for one unit of its product Direct materials (3.0 Ibs. @ $5.00 per Ib.) Direct labor (1.9 hrs. @ $12.00 per hr.) Overhead (1.9 hrs. @ $18.50 per hr.) Total standard cost $15.00 22.80 35.15 $72.95 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume capacity of 20,000 units per month. Following are the company's budgeted overhead costs per level. Overhead Budget (758 Capacity) Variable overhead costs Indirect materials $ 15,000 Indirect labor 75,000 Power 15,000 Repairs and maintenance 30,000 Total variable overhead costs $135,000 Fixed overhead costs Depreciation-Building 23,000 Depreciation Machinery 72,000 Taxes and insurance 17,000 Supervision 280, 250 Total fixed overhead costs 392,250 Total overhead costs $527,250 The company incurred the following actual costs when it operated at 75% of capacity in October $ 239,200 246,000 Direct materials (46,000 lbs. $5.20 per 1b.) Direct labor (20,000 hrs. $12.30 per hr.) Overhead costs Indirect materiala Indirect labor Power $41.350 176,900 17.250 The company incurred the following actual costs when it operated at 75% of capacity in October. $ 239,200 246,000 Direct materials (46,000 Ibs. @ $5.20 per lb.) Direct labor (20,000 hrs. @ $12.30 per hr.) Overhead costs Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation Machinery Taxes and insurance Supervision Total costs $ 41, 350 176,900 17,250 34,500 23,000 97,200 15, 300 280,250 685,750 $1,170,950 5. Prepare a detailed overhead variance report that shows the variances for individual items of overhead. ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 Expected production volume Production level achieved Volume variance Flexible Budget Actual Results Variances Fav. / Untav Variable costs 5. Prepare a detailed overhead variance report that shows the variances for individual items of overhead. ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 Expected production volume Production level achieved Volume variance bok Flexible Budget Actual Results Variances Fav. 7 Unfav. Variable costs Print to aferences Fixed costs Total overhead costs