Checi Chec The following information applies to the questions displayed below.) Antuan Company set the following standard costs for one unit of its product Direct materials (3.0 Tbo. $5.00 per tb.) Direct labor (1.7 hrs. $10.00 per hr.) Overhead (1.7 hrs. $8.50 per hr.) Total standard cost $15.00 17.00 31.45 $63.45 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume 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 (951 Capacity) Variable overhead costs Indirect materials $ 15,000 Indirect labor 75,000 Power 15,000 repairs and maintenance 30,000 Total variable overhead coata $135.000 Fixed overhead conta Depreciation-Duilding 23.000 Depreciation Machinery 72,000 Taxes and insurance 10,000 Supervision 223,250 Total fixed overhead coats 3620 Total overhead cost The company incurred the following actual costs when it operated at 75% of capacity in October Help The company incurred the following actual costs when it operated at 75% of capacity in October $ 234,600 226,600 Direct materials (46,000 Tba. $5.10 per 1b.) Direct labor (22,000 hrs. # $10.30 per hr.) Overhead costa Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Duilding Depreciation Machinery Taxes and insurance Supervision Total costs $ 41,600 176,950 17,250 34,500 23,000 97,200 16,200 223,750 630,450 $1,091,650 Problem 21-3A Part 3 Problem 21-3A Part 3 3. Compute the direct materials cost variance, including its price and quantity variances, AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP Standard Price Actual Cost Standard Cost +O S 0 S 0 $ 0 0