Required information (The following information applies to the questions displayed below.] Antuan Company set the following standard costs per unit for its product. 13 Direct materials (3.0 pounds & $5.00 per pound) $ 15.00 Direct labor (1.9 hours $14.00 per hour) 26.60 Overhead (1.9 hours e $18.50 per hour) 35.15 Standard cost per unit $ 76.75 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 Dudget X754 Capacity Variable overhead costs Indirect materials $ 15,000 Indirect labor 75,000 Power 15,000 Maintenance 30,000 Total variable overhead costs 135,000 Pixed overhead costs Depreciation-Building 23,000 Depreciation Machinery 71,000 Taxes and insurance 17,000 Supervisory salaries 281,250 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. The company incurred the following actual costs when it operated at 75%.of capacity in $ 234,600 269,800 Direct materials (46,000 pounds $5.10 per pound) Direct labor (19,000 hours # $14.20 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation Building Depreciation-Machinery Taxes and insurance Supervisory salaries Total costs $ 41,550 176,850 17,250 34,500 23,000 95,850 15,300 282,250 685, 550 $ 1,189.950 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 price X Standard quar Actual Cost Actual quantity X 46,000 $234,600 Actual quantity 46.000 Standard price $ 5.00 X S 5.10 X $230,000 $ 4,000 $ 0 $ Direct materials price variance Direct materials quantity variance 4,500 0 of 3 3. 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 poed S 0 $ 0 $ 0 3 4. Prepare a detailed overhead variance report that shows the variances for individual items of overhead. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Part 3 of 3 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 Indirect materials Indirect labor Power Maintenance Total variable overhead costs Fixed overhead costs Depreciation Building Depreciation Machinery Taxes and insurance 3 indirect labor Power Maintenance Part 3 of 3 Total variable overhead costs Fixed overhead costs Depreciation Building Depreciation-Machinery Taxes and insurance Supervisory Salaries Total Overhead costs Volume Variance Budgeted (fexible) overhead Standard overhead applied Volume varianco Total overhead variance $ 24