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.) $20.00 Direct labor (1.7 hrs. $11.00 per hr.) Overhead (1.7 hrs.$18.50 per hr.) Total standard cost 18.70 31.45 $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. The company incurred the following actual costs when it operated at 75% of capacity in October Direct materials (61,000 Ibs. $5.20 per 1b.) Direct labor (22,000 hrs. $11.20 per hr.) Overhead costs 317,200 246,400 Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision 41,300 176,250 17,250 34,500 23,000 94,500 16,200 225,750 628,750 $1,192,350 Total costs 4. Compute the direct labor cost variance, including its rate and efficiency variances. AH-Actual Hours SH Standard Hours AR- Actual Rate SR Standard Rate Actual Cost Standard Cost