Antuan Company set the following standard costs for one unit of its product. Direct materials (4.0 Ibs. @ $5.00 per Ib.) Direct labor (2.0 hrs. @ $12.00 per hr.) Overhead (2.0 hrs. @ $13.50 per hr.) Total standard cost $20.00 24.00 37.00 $81.00 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 $ 15,000 Indirect labor 75,000 Power 15,000 Repairs and maintenance 30,000 Total variable overhead costs Fixed overhead costs Depreciation-Building 23,000 Depreciation-Machinery 72.000 Taxes and insurance 17.000 Supervision 308,000 $135,000 17,000 308,000 Taxes and insurance Supervision Total fixed overhead costs Total overhead costs 420,000 $555,000 The company incurred the following actual costs when it operated at 75% of capacity in October $ 311,100 278, 300 Direct materials (61,000 Ibs. @ $5.10 per lb.) Direct labor (23,000 hrs. @ $12.10 per hr.) Overhead costs Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision Total costs $ 41,050 176, 150 17,250 34,500 23,000 97,200 15, 300 308,000 712,450 $1,301,850 4. Compute the direct labor cost variance, including its rate and efficiency variances, (Indicate the effect of each variance by selecting for favorable, unfavorable, and No variance. Round "Rate per hour answers to two decimal places.) Actual Cost Standard Cost