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Please help! The ones I circled on the first question came back wrong. Antuan Company set the following standard costs for one unit of its

Please help! The ones I circled on the first question came back wrong. image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Antuan Company set the following standard costs for one unit of its product. Direct materials (3.0 Ibs. @ $6.00 per Ib.) Direct labor (1.9 hrs. @ $10.00 per hr.) Overhead (1.9 hrs. @ $18.50 per hr.) Total standard cost $18.00 19.00 35.15 $72.15 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 (75% Capacity) Variable overhead costs Indirect materials $ 15,000 Indirect labor 75,000 Power 15,000 Repairs and maintenance 30,000 Total variable overhead costs Fixed overhead costs Depreciation-Building 24,000 Depreciation-Machinery 72,000 Taxes and insurance 17,000 Supervision 279, 250 Total fixed overhead costs Total overhead costs $135,000 392, 250 $527,250 The company incurred the following actual costs when it operated at 75% of capacity in October. $ 283,650 214,200 Direct materials (46,500 Ibs. @ $6.10 per lb.) Direct labor (21,000 hrs. @ $10.20 per hr.) Overhead costs Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision Total costs $ 41,450 176,400 17,250 34,500 24,000 97,200 15,300 279, 250 685,350 $1,183,200 Compute the direct materials cost variance, including its price and quantity variances. (Indicate the effect of each variance by ecting for favorable, unfavorable, and No variance.) Actual Cost Standard Cost Actual quantity 46,500 Actual price 6.13 Actual quantity 46,500 Standard price $ 6.00 Standard quantity 45,000 Standard price 6.00 $285,045 $279,000 $270,000 $ 6,045 $ 9,000 $ 6,045 Unfavorable Direct materials price variance Direct materials quantity variance Total direct materials variance 9,000 Unfavorable 15,045 Unfavorable 4. Compute the direct labor cost variance, including its rate and efficiency variances. (Indicate the effect of each variance by selecting for favorable, unfavorable, and No variance. Round "Rate per hour" answers to two decimal places.) Actual Cost Standard Cost $ 0 $ 0 $ O O 5. Prepare a detailed overhead variance report that shows the variances for individual items of overhead. (Indicate the effect of each variance by selecting for favorable, unfavorable, and No variance.) ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 Expected production volume Production level achieved Volume variance Flexible Budget Actual Results Variances Fav. / Unfav. Variable costs Fixed costs Total overhead costs

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