Antuan Company set the following standard costs per unit for its product. Direct materials (5.0 pounds @ $5.00 per pound) $ 25.00 Direct labor (2.0 hours $13.00 per hour 26.00 Overhead (2.0 hours $18.50 per hour) 37.00 Standard cost per unit $ 88.00 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 $ 15,000 Indirect labor 75,000 Power 15,000 Maintenance 30,000 Total variable overhead costs 135,000 Fixed overhead costs Depreciation-Building 24,000 Depreciation Machinery 71,000 Taxes and insurance 17.000 Supervisory salaries 308,000 Total fixed overhead costs 420.000 Total overhead costs $ 555,000 ces The company incurred the following actual costs when it operated at 75% of capacity in October Direct noterials (75.500 pounds $5.10 per pound) $385,050 Direct Labor (22,000 hours $13.20 per hour) 290,400 Overhead costs Indirect materials $ 41,500 Indirect labor 176,600 Power 17,250 Maintenance 34,500 Depreciation-Building 24,000 Depreciation Machinery 95,850 Taxes and insurance 15,300 Supervisory salaries 308.000 713,000 Total costs $ 1,388,450 3. Compute the direct labor variance, including its rate and Miciency 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 est Actual hours Actual Actual hours Standard Standard Standard $ 0 5 0 5