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 (3.0 Ibs. $5.00 per Ib.) Direct labor (1.8 hrs. @ $10.00 per hr.) Overhead (1.8 hrs. + $18.50 per hr.) Total standard cost $15.00 18.00 33.30 $66.30 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 $150,000 Overhead Budget (75 Capacity) Variable overhead costs Indirect materials $ 15,000 Indirect labor 75,000 Power 15,000 Repairs and maintenance 45,000 Total variable overhead costs Fixed overhead conta Depreciation-Building 24,000 Depreciation Machinery 70,000 Taxes and insurance 16,000 Supervision 239,500 Total fixed overhead costs Total overhead costs 349,500 5499,500 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 October $ 232,050 204,000 Direct materials (45,500 lbs. $5.10 per 15.) Direct labor (20,000 hra: $10.20 per hr.) Overhead costs Indirect materials Indirect labor Pover Ropatra and maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision Total costs $ 41,450 176,300 17.250 51,750 24,000 94,500 14,400 239,500 659,150 51,095,200 3. Compute the direct materials cost varionce, including its price and quantity variances. Indicate the effect of each varlance by selecting for favorable, unfavorable, and No variance.) + Standard Cost Actual Cost 0 $ 0 $ 0 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) Standard Cont Actual Cost 5 $ 0 0