Required information [The following information applies to the questions displayed below.) Antuan Company set the following standard costs for one unit of its product. Direct materials (4.0 Ib. $5.00 per Ib.) Direct labor (1.9 hro. e $12.00 per hr.) Overhead (1.9 hrs. $18.50 per hr.) Total standard cost $20.00 22.80 35.15 $77.95 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume 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 75,000 Power 15,000 Repairs and maintenance 30,000 Total variable overhead costs $135,000 Yixed overhead costa Depreciation-Building 25,000 Depreciation Machinery 70,000 Taxes and insurance 16,000 Supervision 281 250 Total fixed overhead costs 392,250 Total overhead coats $527,250 The company incurred the following actual costs when it operated at 75% of capacity in October $ 311,100 242,000 Direct materials (61,000 lbs. $5.10 per 15.) Direct labor (20,000 hrs. $12.10 per hr.) Overhead coate Indirect materials Indirect labor Power Repairs and maintenance Depreciation Building Depreciation Machinery Taxes and insurance Supervision Total costa $ 41,500 176,350 19.250 34,500 25,000 94,500 14,400 281,250 GB 250 $1,237,850 3. Compute the direct materials cost variance, including its price and quantity variances, (Indicate the effect of each variance by selecting for favorable, unfavorable, and No variance.) Standard Cont Acta Cost Actual quantity 61,000 M Actu po Actual quantity Standard price $ $ 4. Compute the direct labor cost variance, including its rate and efficiency variances, indicate the effect of each variance by selecting for favorable, unfavorable, and No variance. Round "Rate per hour answers to two decimal places) Actual Coat Standard Cout $ 5 0 0 0 5. Prepare a detailed overhead variance report that shows the variances for Individual items of overhead. (Indicate the effect of each variance by selecting for favorable, unfavorable, and 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 Fay. Unfav. Variable costs Fixed costs Total overhead costo