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 Ibs. @ $5.00 per Ib.) Direct labor (1.9 hrs. @ $14.00 per hr.) Overhead (1.9 hrs. @ $18.50 per hr.) Total standard cost $20.00 26.60 35.15 $81.75 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 Fixed overhead costs Depreciation-Building 23,000 Depreciation Machinery 70,000 Taxes and insurance 18,000 Supervision 281, 250 Total fixed overhead costs Total overhead costs $135,000 392, 250 $527,250 The company incurred the following actual costs when it operated at 75% of capacity in October. $ 311,100 284,000 Direct materials (61,000 Ibs. @ $5.10 per lb.) Direct labor (20,000 hrs. @ $14.20 per hr.) Overhead costs Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation Machinery Taxes and insurance Supervision Total costs $ 41,450 176,000 17,250 34,500 23,000 94,500 16,200 281,250 684,150 $1,279, 250