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 (3.2 pounds @ $5.ee per pound) $ 15.ee Direct labor (1.9 hours @ $12.ee per hour) 22.Be 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 75,000 Power 15,600 Maintenance 30.000 Total variable overhead costs 135, eee Fixed overhead costs Depreciation-Building 25,eee Depreciation-Machinery 78,eee Taxes and insurance 18,eee Supervisory salaries 279,250 Total fixed overhead costs 392,25 Total overhead costs $ 527,25e The company incurred the following actual costs when it operated at 75% of capacity in October $ 239,200 244.ee Direct materials (46,6ee pounds @ $5.20 per pound) Direct labor (20,eee hours $12.2e per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building Depreciation Machinery Taxes and insurance Supervisory salaries Total costs $ 41,950 176,95 17.250 34,500 25,eee 94,500 16,200 279, 250 685,600 $ 1,168,888 3. Compute the direct labor varlance, including its rate and efficiency variances. (Indicate the effect of each varlance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to two decimal places.) Actual Cost Standard Cost $ 0 $ 0 $ 4. Prepare a detailed overhead varlance report that shows the variances for Individual items of overhead. (Indicate the effect of each varlance by selecting favorable, unfavorable, or no varlance.) Answer is not complete. ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 Expected production volume Production level achieved Volume Variance 75% of capacity 75% of capacity No variance Flexible Budget Actual Results Variances Favorable/Unfavorable s Variable overhead costs Indirect materials Indirect labor Power Maintenance OOOO 15,000$ 75,000 15,000 30,000 41,950S 176,950 17,250 34,500 26,950 Unfavorable 101,950 Unfavorable 2,250 Unfavorable 4,500 Unfavorable 135,000 270,650 135,650 Unfavorable Total variable overhead costs Fixed overhead costs DepreciationBuilding Depreciation Machinery Taxes and insurance Supervisory salaries 25,000 70,000 18,000 279,250 OOO 25,000 94,500 16,200 279,250 0 No variance 24,500 Unfavorable 1.800 Favorable 0 No variance OOOOOOOOOOO > 414,950 Total fixed overhead costs Total overhead costs Volume Variance 392,250 527,250 S 22,700 Unfavorable S 158,350 Unfavorable $ $ 885,800 Volume variance IS 0 Total overhead variance