Antuan Company set the following standard costs per unit for its product. Direct materials (4.8 pounds @ $6.66 per pound) $ 24.68 Direct labor (1.7 hours @ $12.88 per hour) 26.48 Overhead (1.7 hours @ $18.56 per hour) 31.45 Standard cost per unit $ 75.85 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 $ 15,668 Indirect labor 75,668 Power 15,668 Maintenance 38,668 Total variable overhead costs 135,668 Fixed overhead costs DepreciationBuilding 24,668 DepreciationMachinery 72,668 Taxes and insurance 17,668 Supervisory salaries 223,758 Total fixed overhead costs 336,758 Total overhead costs $ 471,758 The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (61,666 pounds @ $6.28 per pound) $ 378,266 Direct labor (26,688 hours @ $12.26 per hour) 244,666 Overhead costs Indirect materials $ 41,658 Indirect labor 176,758 Power 17,258 Maintenance 34,588 DepreciationBuilding 24,888 DepreciationMachinery 97,288 Taxes and insurance 15,388 Supervisory salaries 223,758 638,466 Total costs $ 1,252,666 Prepare a detailed overhead variance report that shows the variances for individual items of overhead. 4. Prepare a detailed overhead variance report that shows the variances for individual items of overhead. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Production level achieved Variable overhead costs l_l_l l_l_l !!! l_l_l _! Volume Variance Fixed overhead costs Total overhead costs Volume Variance A