Required information [The following information applies to the questions displayed below.] Antuan Company set the following standard costs per unit for its product 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. The company incurred the following actual costs when it operated at 75% of capacity in October: Direct materials (60,500 pounds a $5.20 per notind ) 3. Compute the direct labor variance, including its rate and efficiency variances Note: Indicate the effect of eoch voriance by selecting favorable, unfovorable, or no variance. Round "Rate per hour" answers to two decimal ploces