Antuan Company set the following standard costs for one unit of its product Direct materials (5.0 lbs.@$6.00 per lb.) 30.00 Direct labor (1.7 hrs. $13.00 per hr) Overhead 1.7 hrs. $18.50 per hr.) 22.10 31.45 Total standard cost $ 83.55 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 5 15,000 75,000 15,000 30,000 $135,000 Fixed overhead costs 24,000 71,000 16,000 225,750 Taxes and insurance Total fixed overhead costs 336,750 Total overhead costs $ 471,750