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 24.70 hour) Overhead (1.9 hours @ $18.50 per hour) 20.00 35.15 Standard cost per unit 79.85 The standard overhead rate ($18.50 per direct labor hour) 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 $ 15,000 75,000 15,000 30,000 135,000 Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total fixed overhead costs 392,250 25,000 70,000 18,000 279, 250 Total overhead costs 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 (23, 000 hours @ $13.20 per hour) Overhead costs $ 311,100 303,600 Indirect materials 41,600 176, 200 17,250 34,500 25,000 94,500 16,200 279, 250 Indirect labor Power Maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervisory salaries 684,500 Total costs 1,299, 200 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 Standard Cost %24