Prepare a detailed overhead variance report that shows the variances for individual items of overhead

Antuan company set tne Tolowing stanaara costs ror one unit or ts proauct Direct materials (3.0 Ibs. $4.00 per Ib.) Direct labor (2.8 hrs. $14.00 per hr) Overhead (2.0 hrs. $18.se per hr.) Total standard cost $12.80 28.80 37.80 $77.80 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 companys budgeted overhead costs per month at the 75% capacit level. rhead Budget (75% Capacity) Variable overhead costs Indirect materials Indirect labor $15,000 75,800 15,000 30,000 Power Repairs and maintenance Total varlable overhead costs $135,000 Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision Total fixed overhead costs 23,000 71,860 18,800 308.000 420,00e Total overhead costs $555,00e The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (46,009 Ibs. $4.10 per lb.) Direct labor (20,009 hrs. 514,40 per hr.) Overhead costs 188,600 288,000 Indirect materials Indirect labor Power Repairs and maintenance Depreclation-Bulding Depreciation-Machinery Taxes and Insurance Supervision $ 41,100 176,300 17,250 4,500 23,000 95,850 16,200 295 000712 200 1,188,800 Total costs