apter 21 Homework 13 Required information art 4 of 4 4 Ints ebook Print References (The following information applies to the questions displayed below] Antuan Company set the following standard costs per unit for its product Direct materials (4.0 pounds 16.00 per pound) Direct labor (1.7 hours $11.00 per hour) Overhead (1.7 hours @$18.50 per hour) Standard cost per unit $24.00 18.70 31.45 $74.15 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 Depreciation-Machinery Taxes and insurance 23,000 70,000 16,000. Supervisory salaries Total fixed overhead costs 225,750 336,750 $ 471,750 Total overhead costs The company incurred the following actual costs when it operated at 75% of capacity in October Direct materials (60,500 pounds 16.20 per pound) Direct labor (21,000 hours @ $11.40 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $375,100 239,400 $41,000 176,350 17,250 34,500 23,000 94,500 10,200 225,750 629,350 $1,243,050 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.) Saved Prin References 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.) Expected production volume Production level achieved Volume Variance ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 Variable overhead costs Fixed overhead costs Total overhead costs Volume Variance Volume variance Total overhead variance Flexible Budget Actual Results Variances Favorable/Unfavorable $