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 (3.0 pounds @ $5.ee per pound) $ 15.00 Direct labor (1.9 hours $12.ee per hour) 22.82 Overhead (1.9 hours $18.50 per hour) 35.15 Standard cost per unit $ 72.95 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,eee Indirect labor 75,eee Power 15,80 Maintenance 30.eee Total variable overhead costs 135,800 Fixed overhead costs Depreciation-Building 25, eee Depreciation Machinery 78,000 Taxes and insurance 18.600 Supervisory salaries 279, 250 Total fixed overhead costs 392,250 Total overhead costs $ 527,250 The company Incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (46,eee pounds @ $5.29 per pound) $ 239, 280 Direct labor (20,eee hours $12.2e per hour) 244, eee Overhead costs Indirect materials $ 41,950 Indirect labor 176,95 Power 17,250 Maintenance 34,500 Depreciation-Building 25, eee Depreciation Machinery 94,500 Taxes and insurance 16,280 Supervisory salaries 279, 250 685,600 Total costs $ 1,168,888 2 Compute the direct materials variance, including its price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Cost Standard Cost 0 $ 0 $ 0 $ 0 0