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 @ $14.00 per hour) Overhead (1.9 hours @ $18.50 per hour) Standard cost per unit $ 20.00 26.60 35.15 $ 81.75 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 Power Maintenance Total variable overhead costs Fixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total fixed overhead costs $ 15,000 75,000 15,000 30,000 135,000 24,000 71,000 17,000 280,250 392,250 $ 527,250 Total overhead costs The company incurred the following actual costs when it operated at 75% of capacity in October. S < Prev 14 15 16 17 of 17 Next > 16 t 3 of 4 Overhead Budget (75% Capacity) Variable overhead costs Indirect materials Indirect labor Power Maintenance nts eBook Print eferences Total variable overhead costs Fixed overhead costs Depreciation Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total fixed overhead costs Total overhead costs $ 15,000 75,000 15,000 30,000 135,000 24,000 71,000 17,000 280,250 392,250 $ 527,250 The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (61,000 pounds @$5.20 per pound) Direct labor (22,000 hours @ $14.20 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $ 41,250 176,250 17,250 34,500 24,000 95,850 15,300 280,250 $ 317,200 312,400 684,650 $ 1,314,250 C raw < Prev 16 17 of 17 Next > 4b070a2a-e290-46...jfif 977-434.jfif Od180bee-aa8e-44...jfif a685f2c0-42c5-414....jif A Removed 31b9ce74-c6cd-40....jfif of 4 4. Prepare a detailed overhead variance report that shows the variances for individual items of overhead. (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 Volume Variance ok Flexible Budget Actual Results Variances Favorable/Unfavorable Variable overhead costs. ht nces Fixed overhead costs 17 of 17 S < Prev # Next Required information Flexible Budget Actual Results vanances Favorabieruntavorabie Variable overhead costs 4 ces Fixed overhead costs Total overhead costs Volume Variance Volume variance Total overhead variance d288f2c4-2e3b-430.jff $ 0