Required information [The following information applies to the questions displayed below.] Antuan Company set the following standard costs for one unit of its product. Direct materials (5.2 Ibs. @ $5.00 per Ib.) Direct labor (2.8 hrs. @ $18.ee per hr.) Overhead (2. hrs. $18.5e per hr.) Total standard cost $25.00 20.00 37.00 $82.00 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume 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. head Budget (75% Capacity) Variable overhead costs Indirect materials $ 15,eee Indirect labor 75,000 Power 15,000 Repairs and maintenance 30,eee Total variable overhead costs Fixed overhead costs Depreciation-Building 24,00 Depreciation-Machinery 72,00 Taxes and insurance 18,000 Supervision 386,eee Total fixed overhead costs Total overhead costs $135,eee 428,eee $555,600 The company incurred the following actual costs when it operated at 75% of capacity in October $ 387.6ee 222, 2ee Direct materials (76,eee Ibs. @ $5.10 per lb.) Direct labor (22,208 hrs. @ $1e 10 per hr.) Overhead costs Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation Machinery Taxes and insurance Supervision Total costs $ 41,280 176,700 17,25 34,500 24,00 97,200 16,288 386,eee 713,50 $1,322,850 4. Compute the direct labor cost varlance, including its rate and efficiency variances. (Indicate the effect of each varlance by selecting for favorable, unfavorable, and No variance. Round "Rate per hour" answers to two decimal places.) Actual Cost Standard Cost S 0 s 0 $ 0 0