Project q 11 Need help fixing

Problem 8-3A (Algo) Flexible overhead budget; materials, labor, and overhead variances; and overhead variance report LO P1, P2, P3, P4 [The following information applies to the questions displayed below.) Antuan Company set the following standard costs per unit for its product. Direct materials (3.0 pounds @ $5.00 per pound) Direct labor (1.7 hours @ $12.00 per hour) Overhead (1.7 hours @ $18.50 per hour) Standard cost per unit $ 15.00 20.40 31.45 $ 66.85 The standard overhead rate ($18.50 per direct labor hour) is based on a predicted activity level 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. $ 15 000 75 000 15,000 30,000 135 000 ENTE Overhead Budget (75% Capacity) Variable overhead costs Indirect materials Indirect labor Power Maintenance Total variable overhead costs Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total fixed overhead costs Total overhead costs 25,000 70,000 18, 000 223,750 336, 750 $ 471, 750 The company incurred the following actual costs when it operated at 75% of capacity in October. The company incurred the following actual costs when it operated at 75% of capacity in October. $ 236,600 278,300 Direct materials (45,500 pounds @ $5.20 per pound) Direct labor (23,000 hours @ $12.10 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building Depreciation Machinery Taxes and insurance Supervisory salaries Total costs $ 41,500 176,300 17,250 34,500 25,000 94,500 16,200 223,750 629,000 $ 1,143,900 4. Prepare a detailed overhead variance report that shows the variances for individual items of overhead. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 Expected production volume 75% of capacity 75% of capacity Production level achieved Volume Variance No variance Flexible Budget Actual Results Variances Favorable/Unfavorable Variable overhead costs Indirect materials S 41.500 $ Indirect labor 176 300 15,000 $ 75,000 15,000 30,000 26 500 Unfavorable 101,300 Unfavorable 2.250 Unfavorable 4,500 Unfavorable Power 17.250 Maintenance 34,500 135,000 269,550 Fixed overhead costs O No variance Depreciation Building Depreciation Machinery Taxes and insurance 25,000 70,000 18,000 223,750 25,000 94,500 16,200 223,750 24,500 Unfavorable 1 800 Favorable O No variance Supervisory salaries Indirect labor Power 75,000 15,000 30,000 176,300 17,250 34,500 101,300 TUnfavorable 2,250 Unfavorable 4,500 Unfavorable Maintenance 135,000 269,550 O No variance Fixed overhead costs Depreciation-Building Depreciation Machinery Taxes and insurance Supervisory salaries 25,000 70,000 18,000 223,750 25,000 94,500 16,200 223,750 24 500 Unfavorable 1,800 Favorable O No variance 336,750 359,450 629,000 Total overhead costs $ 471,750 $ Volume Variance Volume variance $ 0 Total overhead variance