Antuan Company set the following standard costs for one unit of its product. Direct materials (3.0 Ibs. $5.00 per Ib. 15.00 26.60 35.15 Direct labor (1.9 hrs. @ 14.00 per hr.) Overhead (1.9 hrs e $18.50 pe h.) 76.75 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 (758 Capacityh variable overhead costs S 15,000 75,000 15,000 30.000 Indirect material Power Repir and maintenance Total vriable overhead co t 135, 000 Fixed overhead cost Depreciation-Machinery Taxes and insurance upervision Total fixed overhead costs 24,000 72,000 17.000 279, 250 392 250 $527,250 Tot1 overhead co t The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materi1a 46,000 lbs. @ $5.10 per 1b. Direct labor (22, 000 hrs. e$14.40 per hr. Overhead costs $ 234, 600 316, 800 Indirect materials Indirect labor Power Repir and maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance upervision 41,800 176,700 17,250 34, 500 24,000 97,200 15, 300 279, 250 686, 000 $1,237,400 AQ Actual Quantity SQ Standard Quantity AP = Actual Price SP Standard Price Answer is not complete. Actual Cost Standard Cost AP AQ SP SQ Direct materials price variance Direct materials quantity variance Total direct materials variance S0 Unfavorable 0 Unfavorable Unfavorable AH Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate Standard Cost Actual Cost SR SH SR AH AR AH Unfavorable Direct labor rate variance Direct labor efficiency variance Total direct labor variance 0 Favorable Favorable ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 Expected production volue Production level achieved Volume variance Actual Results Flexible Budget Variances Fav./ Unfav Variable costs Fixed costs Total overhead costs