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 @ $4.60 per pound) $ 16.09 Direct labor (1.7 hours @ $11.60 per hour) 18.70 Overhead (1.7 hours ( $18.50 per hour) 31.45 Standard cost per unit $ 66. 15 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, 060 Indirect labor 75,000 Power 15, 040 Maintenance 30,600 Total variable overhead costs 135, 060 Fixed overhead costs Depreciation-Building 24,606 Depreciation-Machinery 72, 606 Taxes and insurance 17,060 Supervisory salaries 223, 750 Total fixed overhead costs 336, 750 Total overhead costs $ 471,750 The company Incurred the following actual costs when it operated at 75% of capacity In October. Direct materials (61,060 pounds ( $4.20 per pound) $ 256, 260 Direct labor (20,080 hours @ $11.40 per hour) 228,603 Overhead costs Indirect materials $ 41, 460 Indirect labor 176, 850 Power 17, 250 Maintenance 34, 580 Depreciation-Building 24, 030 Depreciation-Machinery 97, 200 Taxes and insurance 15,309 Supervisory salaries 223, 750 630, 250 Total costs $ 1, 114, 4503. 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 $ 34. Prepare a detailed overhead variance report that shows the variances for Individual Items of overhead. (Indicate the effect of each varlance 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