Antuan Company set the following standard costs for one unt of its product Direct materials 4.0 nes. @ 4.00 per Ib.) Direct labor 1.7 hrs. $12.00 per hr-) Overhead 1.7 hrs. @ $18.50 per hr.) Total standard cost $16.00 20.40 31.45 $67.85 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 75,000 15, 000 30,000 Indirect labor Power Total variable overhead costs Fixed overhead costs $135, 000 24,000 71,000 1B,000 223, 150 Taxes and insurance Total fixed overhead cost 336, 150 $471, 750 Total overhead costs