Required information 12 of 4 (The following information applies to the questions displayed below] eBook Print References Antuan Company set the following standard costs per unit for its product Direct materials (4.0 pounds @$6.00 per pound) Direct labor (1.7 hours @ $11.00 per hour) Overhead (1.7 hours @ $18.50 per hour) Standard cost per unit $24.00 18.70 31.45 $74.15 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 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 $ 15,000 75,000 15,000 30,000 135,000 23,000 70,000 18,000 225,250 336,250 $471,750 The company incurred the following actual costs when it operated at 75% of capacity in October Direct materials (60,500 pounds @$6.20 per pound) Direct labor (21,000 hours @ $11.40 per hour) Overhead costs Indirect eaterials Indirect labor Power Haintenance Depreciation-Building Depreciation-Hachinery Taxes and insurance Supervisory salaries Total costs $375,100 239,400 $ 45,000 176,350 17,250 34,500 23,000 94,500 16,200 225,750 629,350 $ 1,243,050 2. Compute the direct materials variance, including its price and quantity variances. (Indicate the effect of each variance by selecting. favorable, unfavorable, or no variance.) 2. Compute the direct materials variance, including its price and quantity variances. (Indicate the effect of each variance by selecting fevorable, unfavorable, or no variance) Achail Cost Actual quantity Actual price Actual quantity B Standard price M S $ $ Standard Cost Standard quantity Standard price X