Problem 23-3A Antuan Company set the following standard costs for one unit of its product. Direct materials (6 lbs. $5 per lb.) 30 34 37 Total standard cost. $10 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% level. Overhead Budget (75% Capacity) Variable overhead costs Indirect materials 45,000 Indirect labor 180,000 Power 45,000 Repairs and maintenance 90,000 $360,000 Total variable overhead costs Fixed overhead costs Depreciation-building 24,000 80,000 Depreciation-machinery Taxes and insurance 12,000 Supervision 79,000 195,000 Total fixed overhead costs Total overhead costs $555,000