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 14.0 the $4.00 per Ib.) Direct Labor (1. he $10.00 per hr. Overhead 11.9 hrs. $16.30 per hr.) Total standard cout $16.00 19.00 35.13 $70.15 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. $135,000 Overhead Dudet 1754 Capacity) Variable overhead coats Indirect materials $ 15,000 Indirect laber 79,000 Powe 13,000 Repairs and maintenance 30,000 Total variable overhead coats Tixed overhead out Depreciation-Building 24,000 Depreciatice-Hachimy 71,000 Taxes and murance 16.000 Supervision 281,250 Total tisad overhead coats Total overhead coat 372,250 5523,250 The company incurred the following actual costs when it operated at 75% of capacity in October. $ 240,050 224,400 Direct materiala 160,50D Ibu. 54.10 par lb.) Direct Labor (22,000 hrs. $10.20 per hr.) Overhead conte Indirect materials Indirect labor power Repales and maintenance Depreciation-Building Depreciation- Whinery Taxes and imance Supervision Total coat $ 41,750 176,500 1T, 250 34,500 24,000 95,50 14,400 281,250 613,500 $1,137,950 3. Compute the direct materials cost variance, including its price and quantity variances. (Indicate the effect of each variance by selecting for favorable, unfavorable, and No variance.) Actual Cost Standard Cost $ 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.) Actual Cost Standard Cest 0 $ 0 $