Antuan Company set the following standard costs per unit for its product. Direct materials (5.0 pounds e $4.00 per pound) Direct labor (1.8 hours e $13.00 per hour) Overhead (1.8 hours e $18.50 per hour) $ 28.00 23.40 33.30 Standard cost per unit S 76.70 The standard overhead rate ($18.50 per direct labor hour) is based on a predicted activity level 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 S 15,000 75,000 15,000 30,000 135,000 Power Maintenance Total variable overhead costs Fixed overhead costs Depreciation-Building Depreciation-Machinery 24,000 72,000 17,000 251,500 364, 500 $ 499, 500 Taxes and insurance Supervisory salaries Total fixed overhead costs Total overhead costs The company incurred the following actual costs when it operated at 75% of capacity in October. S 319, 200 Direct materials (76,000 pounds e s4.20 per pound) Direct labor (19,000 hours e $13.20 per hour) Overhead costs Indirect materials Indirect labor 250,800 $ 41,650 176,150 17,250 34, 500 24, 000 97, 200 15,300 251,500 Power Maintenance Depreciation-8uilding Depreciation-Machinery Taxes and insurance Supervisory salaries 657,550 $ 1,227,550 Total costs 2. Compute the direct materials variance, including its price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Cost Standard Cost Actual quantity Actual price Standard price Unfavorable Favorable 3. Compute the direct labor variance, including its rate and efficiency variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to two decimal places.) Actual Cost Standard Cost Actual hours Standard hours Favorable