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 (6 pounds @ $5 per pound) Direct labor (2 hours $17 per hour) Overhead (2 hours $18.50 per hour) Standard cost per unit $ 30 34 37 $ 101 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 (758 Capacity) Variable overhead costs Indirect materials Indirect labor Power $ 45,000 180,000 45,000 Maintenance 90,000 Total variable overhead costs 360,000 Fixed overhead costs 24,000 80,000 12,000 79,000 195,000 Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total fixed overhead costs Total overhead costs. $ 555,000 The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (91,000 pounds $5.10 per pound) Direct labor (30,500 hours $17.25 per hour) Overhead costs. Indirect materials. Indirect labor Power Maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $ 44,250 177,750 43,000 96,000 24,000 75,000 11,500 89,000 $ 464,100. 526,125 560,500 $ 1,550,725 Prou 9 www es 4. Prepare a detailed overhead variance report that shows the variances for individual items of c (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Expected production volume Production level achieved ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 75% of capacity 75% of capacity Volume variance Variable overhead costs Indirect materials Fixed overhead costs Total overhead costs Volume Variance No variance Flexible Budget Actual Results Variances Favorable/Unfavorable Volume variance $ 0 Total overhead variance