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) $ 30 Direct labor (2 hours @ $17 per hour) 34 Overhead (2 hours @ $18.50 per hour) 37 Standard cost per unit $ 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 (75% Capacity) Variable overhead costs Indirect materials $ 45, 000 Indirect labor 180, 000 Power 45, 000 Maintenance 90, 060 Total variable overhead costs 360, 000 Fixed overhead costs Depreciation-Building 24, 000 Depreciation-Machinery 80, 000 Taxes and insurance 12, 000 Supervisory salaries 79, 000 Total fixed overhead costs 195, 000 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) $ 464, 100 Direct labor (30,500 hours @ $17.25 per hour) 526, 125 Overhead costs Indirect materials $ 44, 250 Indirect labor 177, 750 Power 43, 000 Maintenance 96, 000 Depreciation-Building 24, 000 Depreciation-Machinery 75, 000 Taxes and insurance 11, 500 Supervisory salaries 89, 000 560,500 Total costs $ 1,550, 7254. 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.) ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 Expected production volume Production level achieved Volume variance Flexible Budget Actual Results Variances Favorable/Unfavorable Variable overhead costs Fixed overhead costs Total overhead costs Volume Variance Volume variance $ 0 Total overhead variance