Problem 23-3A Antuan Company set the following standard costs for one unit of its product. Direct materials (6 lbs. @$5 per lb.) Direct labor (2 hrs. $17 per hr.) Overhead (2 hrs.@ $18.50 per hr.) 30 34 37 Total standard cost $I01 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 $ 45,000 Indirect materials Indirect labor 180,000 Power 45,000 90,000 Repairs and maintenance Total variable overhead costs $360,000 Fixed overhead costs Depreclation-building 24,000 Depreciation-machinery 80,000 Taxes and insurance 12,000 79,000 Supervision... Total fixed overhead costs 195,000 Total overhead costs $555,000 The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (91,000 lbs.@ $5.10 per lb.).. $ 464,100 Direct labor (30,500 hrs.@ $17.25 per hr.) 526,125 Overhead costs $ 44,250 Indirect materials Indirect labor 177,750 Power 43,000 Repairs and maintenance Depreciation building Depreciation-machinery 96,000 24,000 75,000 Taxes and insurance I1,500 560,500 Supervision 89,000 $1,550,725 Total costs Required [One student completes part 1; the remaining students each complete one capacity scenario in part 21 1. Examine the monthly overhead budget to (a) determine the costs per unit for each variable overhead item and its total per unit costs, and (b) identify the total fixed costs per month