Antuan Company set the following standard costs for one unit of its product Direct materials (3.0 Ibs. $4.00 per Ib.) Direct labor (1.9 hrs. $13.00 per hr.) Overhead (1.3 hrs. $10.50 per hr.) Total standard cost $12.00 24.70 35.15 $71.95 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 1758 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 71,000 Taxes and insurance 18,000 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. @ 2 #3 C 10 < Prev 5 6 7 of 9 Next > stv MacBook Pro G Search or type URL $ 4 96 % 5 & 7 27 16 W E R T Y U S D LL F G + 8 61 Ai 1 O P H J K R N M L The company incurred the following actual costs when operated at 75% of capacity in October Direct materials (45,500 The 14.30 pm 18.1 Direct labor (21,800 h. Overhead coste Indirect materials Indirect labor Repairs and inte Depreciation uiding Depreciation-cry Tases and in Pupervision $13.2.1 $191,100 541,450 17,210 23,000 35,934 36,200 0.21 Help Seve & Ext Sumin Check my work 3. Compute the direct materials cost variance, including its price and quantity variances (Indicate the effect of each variance by selecting for favorable, unfavorable, and No variance.) Actual Cast W S # 3 $ 4 X Ai MacBook Pro G Search or type URL % 55 66 E R T Y H nmand D FL & 7 8 00 - ' 9 0 0 GH J K L P 33 ? C V V B N M H Y command optic Depreciation-ilding Depreciation machinery Taxes and insurance Supervision 23000 35.95 14,200 243-259 HAND Help Save & Exit Submi Check my w 3. Compute the direct materials cost variance, including its price and quantity variances indicate the effect of each variance by selecting for favorable, unfavorable, and No variance.) Actual Co #3 W E S $ b C < Prev $67 of 9 Next >> etv A Ai MacBook Pro $ 54 G Search or type URL 55 <6 option