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Antuan Company set the following standard costs per unit for its product. The standard overhead rate ( $18.50 per direct labor hour) is based on
Antuan Company set the following standard costs per unit for its product. 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% capac ty tevel The company incurred the following actual costs when it operated at 75% of copacity in October. 4. Prepare a detailed overhead variance report that shows the variances for indlvidual items of overhead. Note: Indicate the effect of eech variance by setecting favorable, unfavorable, or no variance. Required information \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Overhead Variance Report } \\ \hline \multicolumn{5}{|c|}{ For Month Endnd October 31} \\ \hline \multicolumn{5}{|l|}{ Expected production volume } \\ \hline \multicolumn{5}{|l|}{ Production level achioved } \\ \hline \multicolumn{5}{|l|}{ Volume Variance } \\ \hline & Ftexibin Budget & Actual Results & Variances & Favorable or Unfavorable \\ \hline \multicolumn{5}{|l|}{ Variable overhead costs } \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \multicolumn{5}{|l|}{ Fixod overhead costs. } \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \multicolumn{5}{|l|}{ Total overhead costs } \\ \hline \multicolumn{5}{|l|}{ Volume Variance } \\ \hline & & & & \\ \hline \multicolumn{5}{|l|}{ Volume variance } \\ \hline Total ovorthead variance & & & & \\ \hline \end{tabular}
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