Antuan Company set the following standard costs for one unit of its product. 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 $24.00 20.90 35.15 $80.05 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 $ 15,000 Indirect labor 75,000 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 Supervision 279.250 $135, eee 18,000 Taxes and insurance Supervision Total fixed overhead costs Total overhead costs 18,000 279, 250 392, 250 $527,250 The company incurred the following actual costs when it operated at 75% of capacity in October $ 372,100 248,600 Direct materials (61,000 Ibs. @ $6.10 per 1b.) 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 34,500 23,000 97,200 16,200 279, 250 685,500 $1,306,200 the direct materials cost variance, including its price and quantity variances (Indicate the effect of each variance by r favorable, unfavorable, and No variance.) 1 Actual Cost es