Antuan Company set the following standard costs for one unit of its product. Check my Direct materials (4.0 Ibs. @ $6.00 per Ib.) Direct labor (1.9 hrs. @ $11.00 per hr.) Overhead (1.9 hrs. @ $18.50 per hr.) Total standard cost $24.ee 20.90 35.15 $80.es 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. 75, eee Overhead Budget (75% Capacity) Variable overhead costs Indirect materials $ 15,000 Indirect labor 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 18,000 Supervision 279, 250 $135,000 Check my work 279 250 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 S 372 100 248, 600 Direct materials (61,000 Ibs. @ $6.10 per 16.) Direct labor (22,000 hrs. @ $11.30 per hr.) Overhead costs Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation Machinery Taxes and insurance Supervision Total costs $ 41, 350 176,750 17 250 34, see 23. eee 97,200 16,200 279250 685,500 $1,306,290 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 Es rate and efficiency variances. (Indicate the effect of each variance by ce. Round "Rate per hour" answers to two decimal places.) Standard Cost