Antuan Company set the following standard costs for one unit of its product. Direct materials (3.0 Ibs. $5.00 per Ib.) $15.00 Direct labor (1.7 hrs. $12.00 per hr.) Overhead (1.7 hrs. $18.50 per hr.) Total standard cost 20.40 31.45 $66.85 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 Total variable overhead costs 15,000 75,000 15,000 30,000 $135,000 Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision Total fixed overhead costs 24,000 70,000 17,000 225, 750 336,750 $471,750 Total overhead costs The company incurred the following actual costs when it operated at 75% of capacity in October Direct materials (45,500 Ibs. lb $5.10 per $ 232,050 256,200 Direct labor (21,000 hrs. $12.20 per hr.) Overhead costs Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision $41,250 176,650 17,250 34,500 24,000 94,500 15,300 225, 750 629,200 $1,117,450 Total costs