Antuan Company set the following standard costs for one unit of its product Direct materials (4.0 lbs. @ $5.00 per lb.) Direct labor (1.7 hrs.@ $10.00 per hr) Overhead (1.7 hrs. @ $18.50 per hr.) $20.00 17.00 31.45 Total standard cost $68.45 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 Indirect labor Power Repairs and maintenance $ 15,000 75,000 15,000 30,000 Total variable overhead costs $135,000 Fixed overhead costs Depreciation-building Depreciation-machinery Taxes and insurance Supervision 24,000 71,000 17,000 224,750 Total fixed overhead costs 336,750 Total overhead costs s 471,750