Antuan Company set the following standard costs per unit for its product. Direct materials (5.0 pounds $4.00 per pound) Direct labor (1.7 hours $10.00 per hour) Overhead (1.7 hours $18.50 per hour) Standard cost per unit $ 20.00 17.00 31.45 $ 68.45 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 Power $ 15,000 75,000 15,000 Maintenance 30,000 Total variable overhead costs 135,000 Fixed overhead costs Depreciation-Building 25,000 Depreciation-Machinery 72,000 Taxes and insurance. 16,000 Supervisory salaries 223,750 336,750 $ 471,750 Total fixed overhead costs Total overhead costs The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (75,500 pounds $4.20 per pound) Direct labor (23,000 hours $10.10 per hour)) Overhead costs Indirect materials Indirect labor Power Maintenance: Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $ 317,100 232,300 $ 41,550 176,750 17,250 34,500 25,000 97,200 14,400 223,750 630,400 $ 1,179,800 Required information Expected production volume Production level achieved Volume Variance Variable overhead costs Indirect materials AITTUMIT SURFAITE Overhead Variance Report For Month Ended October 31 Flexible Budget Actual Results Variances Favorable/Unfavorable Indirect labor Power Maintenance Total variable overhead costs Fixed overhead costs Depreciation-Building Depreciation Machinery Taxes and insurance Supervisory salaries Total fixed overhead costs Total overhead costs Volume Variance Budgeted (flexible) overhead Standard overhead applied Volume variance Total overhead variance 0 Antuan Company set the following standard costs per unit for its product. Direct materials (5.0 pounds $4.00 per pound) Direct labor (1.7 hours $10.00 per hour) Overhead (1.7 hours $18.50 per hour) Standard cost per unit $ 20.00 17.00 31.45 $ 68.45 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 Power $ 15,000 75,000 15,000 Maintenance 30,000 Total variable overhead costs 135,000 Fixed overhead costs Depreciation-Building 25,000 Depreciation-Machinery 72,000 Taxes and insurance. 16,000 Supervisory salaries 223,750 336,750 $ 471,750 Total fixed overhead costs Total overhead costs The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (75,500 pounds $4.20 per pound) Direct labor (23,000 hours $10.10 per hour)) Overhead costs Indirect materials Indirect labor Power Maintenance: Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $ 317,100 232,300 $ 41,550 176,750 17,250 34,500 25,000 97,200 14,400 223,750 630,400 $ 1,179,800 Required information Expected production volume Production level achieved Volume Variance Variable overhead costs Indirect materials ANTUMIT CUMPART Overhead Variance Report For Month Ended October 31 Flexible Budget Actual Results Variances Favorable/Unfavorable Indirect labor Power Maintenance Total variable overhead costs Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total fixed overhead costs Total overhead costs Volume Variance Budgeted (flexible) overhead Standard overhead applied Volume variance Total overhead variance 0 4. Prepare a detalled overhead variance report that shows the variances for individual items of overhead. (Indicate the effect of each varlance by selecting favorable, unfavorable, or no variance.) Expected production volume Production level achieved Volume Variance Variable overhead costs ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 Flexible Budget Actual, Results Variances Favorable/Unfavorable Indirect materials Indirect labor Power Maintenance Total variable overhead costs Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total fixed overhead costs