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 $ 15,000 Indirect labor 75,000 Power 15,000 Maintenance 30,000 Total variable overhead costs 135,000 Fixed overhead costs Depreciation-Building 24,000 72,000 17,000 279,250 392,250 $527,250 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. Total variable overneau coNTS Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total fixed overhead costs Total overhead costs 135,000 24,000 72,000 17,000 279,250 392,250 $ 527,250 The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (61,000 pounds $5.10 per pound) Direct labor (21,000 hours @ $13.20 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $ 41,550 176,700 17,250 34,500 24,000 97,200 15,300 279,250 $ 311,100 277,200 685,750 $ 1,274,050 Che For Month Ended October 31 Production (in units) Variable overhead costs ANTUAN COMPANY Flexible Overhead Budgets Variable Amount Total Fixed per Unit Cost Flexible Budget at Capacity Level of 65% 75% 85% Fixed overhead costs Total overhead costs 2 Part 2 of 4 Overhead costs Indirect materials: Indirect labor Power Maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $ 41,550 176,700 17,250 34,500 24,000 97,200 15,300 279,250 685,750 $ 1,274,050 5 points eBook 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.) Print References Actual Cost Part 3 of 4 5 points Taxes and insurance Supervisory salaries Total costs 15,300 279,250 685,750 $ 1,274,050 eBook Print References 3. Compute the direct labor variance, including its rate and efficiency variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to two decimal places.) Actual Cost oints eBook: Print References ariances. (Indicate the effect of each variance by Jr" answers to two decimal places.) Standard Cost each variance by selecting favorable, unfavorable, or no variance.) Expected production volume Production level achieved Volume Variance Variable overhead costs ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 Flexible Budget Actual Results Variances Favorable/Unfavorable Fixed overhead costs volume variance of 4 ook rint Flexible Budget Actual Results Variances Favorable/Unfavorable Variable overhead costs Fixed overhead costs rences Total overhead costs Volume Variance Volume variance Total overhead variance: