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 @ $11.00 per hour) Overhead (1.9 hours @ $18.50 per hour) Standard cost per unit $20.00 20.90 35.15 $ 76.05 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 75,808 Power 15,000 Maintenance 45,000 Total variable overhead costs 150,000 Fixed overhead costs Depreciation Building 24,888 Depreciation Machinery 72,888 Taxes and Insurance 16,888 Supervisory salaries 265,250 Total fixed overhead costs 377,258 Total overhead costs $527,258 The company Incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (61,000 pounds @ $5.28 per pound) Direct labor (21,000 hours @ $11.28 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation Building Depreciation Machinery Taxes and Insurance Supervisory salaries Total costs $317,280 235,200 $ 41,388 176,400 17,250 51,758 24,000 97,200 14,400 265,250 687,550 $1,239,958 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 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