Antuan Company set the following standard costs per unit for its product. Direct materials (3.0 pounds @ $4.00 per pound) $ 12.00 Direct labor (1.8 hours @ $13.00 per hour) 23.40 Overhead (1.8 hours @ $18.50 per hour) 33.30 Standard cost per unit $ 68.70 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 $ 30,000 Indirect labor 75,000 Power 30,000 Maintenance 45,000 Total variable overhead costs 180,000 Fixed overhead costs DepreciationBuilding 24,000 Depreciation-Machinery 71,000 Taxes and insurance 16,000 Supervisory salaries 208,500 Total fixed overhead costs 319,500 Total overhead costs $ 499.500 The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (46,500 pounds @ $4.20 per pound) $ 195,300 Direct labor (22,000 hours @ $13.30 per hour) 292,600 Overhead costs Indirect materials $ 41,600 Indirect labor 176,100 Power 34,500 Maintenance 51,750 DepreciationBuilding 24,000 DepreciationMachinery 95,850 Taxes and insurance 14,400 Supervisory salaries 208,500 646,700 Total costs $ 1,134,600 Required information ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 of 3 Expected production volume Production level achieved Volume Variance Flexible Budget Actual Results Variances Favorable/Unfavorable Variable overhead costs Fixed overhead costs Total overhead costs Volume Variance Volume variance $ 0 Total overhead variance