Required information [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 (1.9 hours @ $13.00 per hour) Overhead (1.9 hours @ $18.50 per hour) Standard cost per unit $ 20.00 24.70 35.15 $ 79.85 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 Indirect labor $ 15,000 75,000 Power 15,000 Maintenance 45,000 Total variable overhead costs 150,000 Fixed overhead costs Depreciation-Building Depreciation-Machinery 24,000 72,000 Taxes and insurance Supervisory salaries 17,000 264,250 377,250 $ 527,250 Total fixed overhead costs Total overhead costs The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (61,500 pounds @ $5.10 per pound) Direct labor (22,000 hours @ $13.20 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building $ 41,500 176,100 17,250 51,750 24.000 $ 313,650 290,400 Direct materials (4.0 pounds @ $5.00 per pound) Direct labor (1.9 hours @ $13.00 per hour) Overhead (1.9 hours @ $18.50 per hour) Standard cost per unit $ 20.00 24.70 35.15 $ 79.85 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 Indirect labor $ 15,000 75,000 Power 15,000 Maintenance 45,000 Total variable overhead costs 150,000 Fixed overhead costs 24,000 72,000 17,000 264,250 377,250 $527,250 Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total fixed overhead costs Total overhead costs The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (61,500 pounds @ $5.10 per pound) Direct labor (22,000 hours @ $13.20 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $ 41,500 176,100 17,250 51,750 24,000 97,200 15,300 264,250 $ 313,650 290,400 687,350 $ 1,291,400 The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (61,500 pounds @ $5.10 per pound) Direct labor (22,000 hours @ $13.20 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $ 41,500 176,100 17,250 51,750 24,000 97,200 15,300 264,250 $ 313,650 290,400 687,350 $ 1,291,400 . Compute the direct materials variance, including its price and quantity variances. (Indicate the effect of each variance by selecting avorable, unfavorable, or no variance.) Actual Cost 0 $ 0 0 0 $ 0 Standard Cost me company incurred the following acluDI Costs when it operated at 75% 1 Capacity 111 October. Direct materials (61,500 pounds @ $5.10 per pound) Direct labor (22,000 hours @ $13.20 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $ 313,650 290,400 $ 41,500 176,100 17,250 51,750 24,000 97,200 15,300 264,250 687,350 $ 1,291,400 Compute the direct labor variance, including its rate and efficiency variances. (Indicate the effect of each variance by selecting orable, unfavorable, or no variance. Round "Rate per hour" answers to two decimal places.) Actual Cost 0 $ 0 0 $ 0 Standard Cost Expected production volume Production level achieved Volume Variance ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 Variable overhead costs Flexible Budget Actual Results Variances Favorable/Unfavorable Fixed overhead costs Total overhead costs Volume Variance Volume variance Total overhead variance $ 0