Antuan Company set the following standard costs for one unit of its product. Direct materials (3.0 lbs. $4.00 per lb.) 12.00 Direct labor (2.0 hrs. $13.00 per hr.) Overhead (2.0 hrs. @ $18.50 per hr.) 26.00 37.00 Total standard cost 75.00 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% the factory's capacity of 20,000 units per month. Following are the company's budgeted overhead costs p month at the 75% capacity level. Overhead Budget (75% Capacity) Variable overhead costs Indirect materials Indirect labor Power Repairs and maintenance $ 15,000 75,000 15,000 30,000 Total variable overhead costs 135,000 Fixed overhead costs Depreciation-building Depreciation-machinery Taxes and insurance Supervision 24,000 72,000 7,000 307,000 Total fixed overhead costs 420,000 Total overhead costs $555,000