Required information [ The foiiowing information applies to the questions dispiayed below] Antuan Company set the following standard costs per unit for its product. Direct materials {4.6 pounds @ $6.66 per pound) $ 24.66 Direct labor (1.7 hours @ $12.66 per hour) 26.46 Overhead {1.7 hours @ $18.56 per hour) 31.45 Standard cost per unit 5 75-35 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 compa ny's budgeted overhead costs per month at the 75% capacity level. Overhead Budget (75% Capacity) Variable overhead costs Indirect materials $ 15,666 Indirect labor 75,666 Power 15,666 Maintenance 36,666 Total variable overhead costs 135,666 Fixed overhead costs DepreciationBuilding 24,666 DepreciationeMachinery 72,666 Taxes and insurance 17,666 Supervisory salaries 223,756 Total tixed overhead costs 336,756 Total overhead costs 5 471,759 The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (61,666 pounds @ $6.28 per pound) $ 378,266 Direct labor (26,666 hours @ $12.26 per hour) 244,666 Overhead costs Indirect materials $ 41,656 Indirect labor 176,756 Power 17,256 Maintenance 34,566 DepreciationBuilding 24,666 DepreciationMachinery 97,266 Taxes and insurance 15,366 Supervisory salaries 223,756 636,466 Total costs $ 1,252,666 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.)