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 (4.0 pounds @ $5.00 per pound) Direct labor (1.8 hours $13.00 per hour) Overhead (1.8 hours $18.50 per hour) Standard cost per unit $ 20.00 23.40 $ 76.70 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% capacit level. Overhead Budget (75% Capacity) Variable overhead costs Indirect materials Indirect labor Maintenance Total variable overhead costs Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total fixed overhead costs $ 15,000 75,000 15,000 45,000 150,000 25,000 71,000 17,000 236,500 349,500 $ 499,500 Total overhead costs The company incurred the following actual costs when it operated at 75% of capacity in October Direct materials (61,000 pounds @ $5.10 per pound) Direct labor (23,000 hours $13.10 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs Problem 8-3A (Algo) Part 4 $311,100 301,300 $ 41,750 176,600 17,250 $1,750 25,000 95,858 15,300 236,500 660,000 $1,272,400 ign YouTube Maps Translate y! Yahoo Log In to Canvas ect 6 Check my work mode: This shows what is corr Required information 4. Prepare a detailed overhead variance report that shows the variances for individual items of overhead. (Indicate the effect of each varlance by selecting favorable, unfavorable, or no variance.) Expected production volume Production level achieved Volume Variance Varable overhead costs Indirect materials Indirect labor Power Maintenance Fored overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries 0000 Answer is not complete. ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 75% of capacity 75% of capacity No vanance Flexible Budget Actual Results Variances Favorable/Unfavorable 15,000 $ 41.750 $ (28.750) Unfavorable 75,000 176.000 (101.600) Unfavorable 15.000 17.250 22.500 Unfavorable 45.000 51,750 67.500 Unfavorable 150.000 287,350 25,000 25.000- 71,000 95.850 17,000 236,500 15.300 236,500 (24.850) (17.000) No variance Unfavorable Favorable No variance 0000 Total foced overhead costs 340.500 372,650 Total overhead costs $ 400,500 5 000,000 $ (100,500) Unfavorable Volume Vanance Budgeted (flexible) overhead Standard overhead applied Volume variance Total overhead variance S 0 No variance (2,478,750) Unfavorable 0000 0000