Antuan Company set the following standard costs for one unit of its product Direct materials (5.0 lbs. @ $6.00 per Ib.) Direct labor (1.9 hrs. @ $13.00 per hr.) Overhead (1.9 hrs. @ $18.50 per hr.) Total standard cost $30.00 24.70 35.15 $89.85 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 $15,000 75,000 Power 15,000 30,000 $135,000 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 25,000 71,000 16,000 280,250 392,250 $527,250 280,250 Supervision Total fixed overhead costs Total overhead costs 392,250 $527,250 The company incurred the following actual costs when it operated at 75% of capacity in October $474,300 290,400 Direct materials (76,500 lbs. @ $6.20 per lb.) Direct labor (22,000 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 $41,100 176,300 17.250 34,500 25,000 95,850 14,400 280,250 684,650 $1,449,350