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 (1.6 hrs. @ $11.00 per hr.)		17.60
Overhead (1.6 hrs. @ $18.50 per hr.)		29.60
Total standard cost	$	62.20

The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factorys capacity of 20,000 units per month. Following are the companys 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		45,000
Total variable overhead costs				$	150,000
Fixed overhead costs
DepreciationBuilding		24,000
DepreciationMachinery		71,000
Taxes and insurance		17,000
Supervision		182,000
Total fixed overhead costs					294,000
Total overhead costs				$	444,000

The company incurred the following actual costs when it operated at 75% of capacity in October.

Direct materials (46,000 Ibs. @ $5.10 per lb.)				$	234,600
Direct labor (23,000 hrs. @ $11.10 per hr.)					255,300
Overhead costs
Indirect materials	$	41,350
Indirect labor		176,450
Power		17,250
Repairs and maintenance		51,750
DepreciationBuilding		24,000
DepreciationMachinery		95,850
Taxes and insurance		15,300
Supervision		182,000			603,950
Total costs				$	1,093,850

Please include steps!

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.) tual Cost Standard Cont 0 5 0 S $ 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 "Rote per hour answers to two decimal places.) Actual Cont Standard Cost 5 0 $ 0 $ Part 44 ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 3 points Expected production volume Production level achieved Volume variance 2000 Flexible Budget Actual Results Variances Fav./Unfav Vannble costs Punt Fuad costs Total overhead costs