Required information 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 (4.2 pounds $5.00 per pound) Direct Labor (1.8 hours $14.ee per hour) $ 20.ee Overhead (1.8 hours $18.50 per hour) 25.20 33.30 Standard cost per unit $ 78.50 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 $ 15,000 Indirect labor 75,000 Power 15,800 Maintenance 45,000 Total variable overhead costs 150,000 Fixed overhead costs Depreciation-Building 23,00 Depreciation Machinery 72,000 Taxes and insurance 17,000 Supervisory salaries 237,500 Total fixed overhead costs 349,5ee Total overhead costs $ 499, see The company incurred the following actual costs when it operated at 75% of capacity in October Direct materials (61,000 pounds @ $5.20 per pound) $317,200 Direct labor (21,800 hours @ $14.20 per hour) 208.200 Overhead costs Indirect materials 41.7 Next > Homework Help Save & E Check my w Total overhead costs $ 499,560 The company incurred the following actual costs when it operated at 75% of capacity in October Direct materials (61,00 pounds $5.20 per pound) 5 317,200 Direct labor (21,699 hours $14.20 per hour) 298,200 Overhead costs Indirect materials $ 41,700 Indirect labor 176, 15e Power 17.250 Maintenance 51,750 Depreciation-Building 23,000 Depreciation Machinery 97,200 Taxes and insurance 15,300 Supervisory salaries 237 See 659,850 Total costs $ 1,275,250 Problem 8-3A (Algo) Part 3 3. Compute the direct labor variance, including its rate and efficiency varlances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour answers to two decimal places.) Actual Cast Standard Carl $ 0 S 0 $ 0