Antuan Company set the following standard costs for one unit of its product. Direct materials (5.0 lbs. $4.00 per lb.) 20.00 Direct labor (1.7 hrs. $13.00 per hr) 2210 Overhead (1.7 rs. a $18.50 per hr.) 31.45 73.55 Total standard cost 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 15,000 Indirect materials Indirect labor 75,000 15,000 Power 30,000 Repairs and maintenance 135,000 Total variable overhead costs Fixed overhead costs 23,000 Depreciation-building 70,000 Depreciation machinery Taxes and insurance 17,000 226,750 Supervision 336,750 Total fixed overhead costs 471,750 Total overhead costs