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 (2.0 hrs. $13.00 per hr.) Overhead (2.0 hrs. e $18.50 per hr.) Total standard cost 26.00 37.00 $78.00 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 Power Repairs and maintenance Total variable overhead costs s 30,000 75,000 30,000 30,000 $165, 000 Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and Supervision Total fixed overhead costs 24,000 71,000 18,000 277,000 insurance 390,000 $555, 000 Total overhead costs 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.) Direct labor (28,000 hrs. $13.40 per hr.) Overhead costs s 234, 600 375,200 Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision $41,050 176, 550 34,500 34,500 24,000 95, 850 16,200 277,000 699,650 $1,309,450 Total costs