Antuan Company set the following standard costs for one unit of its product. Direct materials (4.0 Ibs. $4.80 per Ib Direct labor (1.8 hrs. $18.88 per hr.) 18.80 Overhead (1.8 hrs.$18.58 per hr.) Total standard cost $16.80 33.30 $67.30 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 15,eae 75,e8e 15,eae 30,8a0 -$135,808 Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision Total fixed overhead costs 24,88e 72,e8e 17,88e 251,508 364,508 $499,508 Total overhead costs The company incurred the following actual costs when it operated at 75% of capacity in October Direct materials (61,580 Ibs. $4.18 per 1b.) Direct labor (28,808 hrs.$18.30 per $ 252,158 286,880 hr Overhead costs Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision 41,300 176,750 17,250 34,58e 24,880 97,288 15,38e 251,588 657,888 $1,115,95e Total costs 4. Compute the direct labor cost variance, including its rate and efficiency variances. AH Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate Actual Cost Standard Cost